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 chairman Bill Adamson buys shares in company
Chairman of Europa Oil & Gas (LON:EOG) Bill Adamson now holds 0.24 per cent of the company, it emerged.
The firm said that yesterday (November 21) Adamson bought 150,000 company shares at 6.7 pence each for around £10,000.
Following the purchase, he is interested in 325,000 shares - or 0.24 per cent of the firm's share capital.
Earlier this month, on November 15, the firm's chief executive Hugh Mackay upped his stake in the company.
He bought 132,501 shares in the company at 8.25 pence each for around £11,000, the firm told investors and now 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, it 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.



















