Europa Oil & Gas (Holdings) Plc - Board Changes
/ Index: AIM / Epic: EOG / Sector: Oil & Gas
(‘Europa’ or ‘the Company’)
, the and focused oil and gas exploration, development and production company, is pleased to announce the appointment of Mr to the Board of the Company as an independent Non-Executive Director. , who is Co-Chief Executive Officer of Reabold Resources plc (AIM: RBD), replaces independent Non-Executive Director , who is stepping down from the Board after twelve years of service. The Board changes are effective immediately. Following these changes, Brian O’Cathain, who has served as independent Non-Executive Director of the Company since , has been appointed Senior Independent Non-Executive Director.
Since , has held the position of Co-CEO of Reabold Resources, an AIM traded, upstream oil & gas company focused on investing in late stage upstream opportunities. At Reabold, has played a leading role in raising capital, building a diversified portfolio of investments in the , and the US and, since , the company’s participation in nine wells, eight of which have resulted in discoveries. Prior to Reabold, held various positions within both the energy and financial sectors including as a fund manager at and, between 2010 and 2016, as an investment analyst at M&G focused on energy and resources. Between 2005 and 2010, worked as an energy investment analyst for and from 2003 to 2005 as an analyst at ExxonMobil.
“Stephen’s appointment to the is well timed. His proven track record at Reabold in sourcing, securing and participating in upstream appraisal opportunities, which have subsequently generated multiple discoveries, will prove invaluable to Europa. Our portfolio currently includes three producing fields in the , the Wressle development project in and high impact exploration offshore and , including our flagship 1.5tcf Inishkea gas prospect which lies close to the producing Corrib gas field in the . I look forward to working closely with Stephen and the rest of the team, as we look to advance our asset base and generate value for our shareholders.,
“I would like to take this opportunity to thank Roderick for his contribution to Europa over the years. I, along with the other members of Europa’s Board, wish him all the best for the future.”
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For further information please visit or contact:www.europaoil.com
has a diversified portfolio of multi-stage hydrocarbon assets that includes production, exploration and development interests, in countries that are politically stable, have transparent licensing processes, and offer attractive terms. In 2019 Europa produced 91 boepd. Its highly prospective exploration projects include the Wressle development in the (targeting production start-up in 2020 at 500 bopd gross) and five licences offshore with the potential to host gross mean un-risked prospective resources of 5.7 billion barrels oil equivalent and 1.5 trillion cubic feet (‘tcf’) gas. The Company’s flagship project offshore is the Inishkea prospect – a near field gas exploration project with 1.5 tcf gross mean un-risked prospective gas resources.
The following information regarding the appointment of Mr , aged 38, is disclosed under Schedule 2(g) of the AIM Rules for Companies:
is the holder of 141,131 Ordinary Shares of in the Company (‘Ordinary Shares’). was today issued 1,200,000 options over ordinary shares in the Company (‘Options’). The Options vest 400,000 after 18 months, 400,000 after 30 months and 400,000 after 42 months, are valid until and have an exercise price of per Ordinary Share and can be exercised on the condition that the closing average mid-market price of an Ordinary Share exceeds per Ordinary Share for 30 consecutive trading days.
There are no further disclosures required under Schedule 2(g) of the AIM Rules for Companies.
Simon Oddie Europa + 44 (0) 20 7224 3770 Phil Greenhalgh Europa + 44 (0) 20 7224 3770 Christopher Raggett finnCap Ltd + 44 (0) 20 7220 0500 Simon Hicks finnCap Ltd + 44 (0) 20 7220 0500 Frank Buhagiar St Brides Partners Ltd + 44 (0) 20 7236 1177 Megan Dennison St Brides Partners Ltd + 44 (0) 20 7236 1177
Current directorships and/or Former directorships and/or partnerships partnerships: (within the last five years): Reabold Resources PLC
Danube Petroleum Ltd Rathlin Energy (UK) Ltd
Details of the person discharging managerial responsibilities / person closely associated a) Reason for the Notification a) Position/status Independent Non Executive Director b) Initial notification/Amendment Initial notification Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) b) LEI 213800JWTCW7TN3WRC06 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the Financial Option over Ordinary shares of 1p instrument, type of instrument Identification code GB00B03CJS30 b) Nature of the transaction Award of option to purchase ordinary shares c) Price(s) and volume(s) Price(s) Volume(s) 1.28p 1,200,000 d) Aggregated information: n/a e) Date of the transaction f) Place of the transaction , AIM Market (XLON)
Name Name Europa Oil & Gas (Holdings) plc London Stock Exchange Stephen Williams 12 March 2020
Quick facts: Europa Oil & Gas Holdings PLC
Market Cap: £4.34 m
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