Proactive Investors - Run By Investors For Investors

Europa Oil & Gas PLC chief talks offshore Ireland oil opportunities

Hugh Mackay, chief executive of Europa Oil & Gas PLC (LON:EOG) says “the majors are back in Ireland” following the latest licencing round, with Exxon, StatOil and BP all bidding.

In the previous licencing round in 2011, there were no majors bidding, he adds, noting they have been “inspired” by the Flemish Pass basin in offshore Newfoundland.

In the latest round, Europa secured acreage offshore Ireland containing three prospects it had previously identified in data from 2013, and Mackay said, with such low drilling costs at the moment, “there will never be a better time to explore in deep water than over the next two or three years.”

Meet Sayona Mining Ltd, Lithium Power International Ltd, Elementos, Tyranna Resources and Argent Minerals Ltd at our event, Melbourne, 25 July 2017. Register here »
Why Invest In Europa Oil & Gas (Holdings) Plc? Read More Here

Register here to be notified of future Europa Oil & Gas (Holdings) Plc articles
View full EOG profile View Profile

Europa Oil & Gas (Holdings) Plc Timeline

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use