Europa OiI and Gas PLC (LON:EOG) chief executive Hugh Mackay speaks to Proactive about the company's wholly owned subsidiary signing a Farm Out Agreement in relation to a 12.5% interest in the PEDL143 license in the Weald Basin with a subsidiary of Angus Energy.
''We're very excited about the Holmwood Prospect - we've now got UKOG [UK Oil & Gas Investments Plc] as a partner and they're a part of the Horse Hill / Gatwick Gusher discovery which is a very exciting onshore discovery, that's 12 kms to the east - and 5 kms to the north of Holmwood is Brockham Oil Field. Angus operate that''.
Mackay adds: ''For investors they should be encouraged that two companies with detailed technical insight and commercial insight in that Weald basin … have chosen to farm in with PEDL143 and to fund drilling the Holmwood prospect''.
''Personally, I'm very confident we're going to find oil'', Mackay tells Andrew Scott.