New Europa chief Hugh Mackay is awaiting a new CPR report to establish an independent valuation, which he hopes will anchor the share price going forward.
Europa Oil & Gas is an active oil and gas explorer throughout the European region. It holds core producing oil assets in the UK, along with a wide range of exploration and appraisal projects in various stages of development in the UK, Romania, France and Western Sahara.
The Company currently produces oil from three UK onshore oilfields, with ongoing appraisal work in Romania. The Company also holds a key gas appraisal asset in southwest France. Exploration for both conventional and unconventional hydrocarbons is an integral part of the portfolio and the Company continues to pursue this upside potential in all areas.
26/04/12
New Europa chief Hugh Mackay is awaiting a new CPR report to establish an independent valuation, which he hopes will anchor the share price going forward.
19/04/12
After a strong start to the year Europa now has plans for a high impact drill programme in the UK and it is in talks to bring partners into its French operations.
22/03/12
Chief executive Hugh Mackay explained that Europa remains focused on advancing and developing its core assets. And it is continuing talks regarding a potential farm-out of its wholly-owned Barchiz project, in Romania.
20/01/12
Europa Oil & Gas said this morning that production has restarted from the West Firsby-7 well in the East Midlands after a workover.
19/01/11
The oil and gas junior has been one of AIM’s front-runners so far in 2011. It is making progress with its UK-based production assets and is preparing high impact work programmes across its European portfolio. We caught up with managing director Paul Barrett to get the lowdown on what could be a crucial year for Europa.
20/09/10
Shares soared in early trade on news that re-mapping of the Lincolnshire oil field has resulted in the P50 remaining reserves figure jumping by 250 per cent to 1.4 million barrels.
08/03/10
Compared to many of its peers on AIM, Europa Oil & Gas is a tightly run, conservative company, but nonetheless it has plenty of potential tucked away in its portfolio
03/08/06
Europa has earned into a number of gas production blocks in Romania and this investment will soon begin to reap dividends. The Bilca Gasfield Development will effectively double cash flow for Europa, despite the fact that gas prices in Romania are only US$3mcf ? equivalent to $20-$25 a barrel of oil. This price is quite low compared to northern Europe, but it?s rising steadily and can only add to the value of Europa?s assets as they go forward.