Europa Oil & Gas (Holdings) plc is an AIM listed exploration and production company focused on Europe. It offers an attractive mix of highly prospective exploration assets in the Porcupine Basin offshore Ireland, the Berenx gas appraisal project onshore France, as well as interests in three producing assets onshore UK.
An investigation of the deeper prospectivity within Frontier Exploration Licence (FEL) 2/13 has uncovered four more significant exploration prospects which take the asset's potential to 1.12bn barrels - meanwhile, farm-out talks continue with potential partners.
“We are delighted to have secured a farm-in partner of the proven calibre of Cairn, and also to accelerate exploration on the licence through the acquisition of 3D seismic this summer," said Hugh Mackay, Europa chief executive.
“Wressle is located in the heart of the East Midlands petroleum province and at an anticipated gross rate of 500 bopd would almost double our existing production based on a 20% interest,” said Hugh Mackay, Europa chief executive.