Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Europa Oil & Gas hails farmout deal with Cairn Energy where size of prize is potential 1bn barrels

Hugh Mackay, of Europa Oil & Gas (Holdings), has hailed the firm's  farm-out agreement with Cairn Energy PLC (LON:CNE) on an early stage project (licensing option 16/19) off the coast of Ireland.
It means 3D seismic can start this summer, with potentially a prospect inventory mapped out by the end of 2018, he says.
"It's very positive that we are able to push ahead with that and get seismic done now and the size of the prize potentially in 16/19  is a billion barrels," he tells Proactive.

 
Meet Proactiveinvestors at our event, London, 25 May 2017. Register here »
Sarah_55b0a64c2a6b3.jpg
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