www.europaoil.com
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.
Europa Oil & Gas' chief executive Mackay buys shares in company
Europa Oil & Gas (LON:EOG) revealed this morning that chief executive Hugh Mackay had upped his stake in the company.
Yesterday (November 15), Mackay bought 132,501 shares in the company at 8.25 pence each for around £11,000, the firm said.
Following the acquisition, he holds 0.43 per cent of the company's share capital.
Europa Oil & Gas has assets onshore UK, Romania and France and offshore Ireland.
Last month, the firm raised around £700,000 through an oversubscribed placing to strengthen its balance sheet and for working capital.
The proceeds, the firm said, would be used to supplement the company's existing cash resources in funding its near-term working capital requirements and to strengthen the balance sheet in the light of a Romanian VAT liability.



















