Ireland-focused oil firms boosted as FTSE 100 Index rises
The FTSE 100 Index closed 24.02 points up at 6209.63
Company
LON:EOG
Europa Oil & Gas (Holdings) plc is an exploration and production company focused on developing its balanced portfolio of assets in the North Sea, Atlantic Ireland and West Africa, supported by revenue from onshore oil production in the UK.
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The FTSE 100 Index closed 24.02 points up at 6209.63
Chief executive Hugh Mackay said he was “delighted” to have bagged four licence options this time around.
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The weekly round up news and updates from the world of oil
Highlands Natural Resources and Union Jack Oil flew the flag for the oil sector, which otherwise was depressed by the slide in the oil price.
Gemfields hits a new record, Mariana expects to complete a new resource estimate and Telit strikes a new deal for its internet of things platform.
Holmwood is located about 12 kilometres to the Horse Hill oil discovery, and the plan is to test similar targets.
Europa is well placed to not only weather low oil prices, but has been also to advance its ever-growing multistage portfolio of assets onshore UK and offshore Ireland.
If you don’t yet have a horse in the race, here are the runners and riders.
Investor Update: Today's update is a timely reminder of the value that the Company has created either through judicious investment in appraisal and development assets, or through the drillbit.
Below are some of the main news-driven changes in London at 4.15pm
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As global blue-chip equity markets capitulated, the London’s AIM market unsurprisingly remained on the back-foot, naturally though there were plenty of lowlights and highlights to spur trading on a stock-by-stock basis.
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Motive Television faces market suspension, Tekcapital sees board member resign and big news for Europa.
Biggest share price risers and fallers in London at 1.30pm
Europa was the only small cap explorer among the initial awards, and has also now begun a farm-out process to bring a ‘major or mid-cap’ oil company into the existing FEL 2/13 and 3/13 assets.
AIM quoted Europa was in good company as it landed new acreage offshore Ireland alongside majors like CNOOC, ExxonMobil, BP and StatOil.
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Shareholders signed off Shell’s acquisition of BG.
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Junior mining stocks featured prominently on Tuesday
Investments and investor services
The FTSE 100 Index recovered to stand 9.65 points off at 5867 by lunchtime
Investments and investor services
The FTSE 100 Index tumbled 83.76 points to 5793 as oil prices fell back below US$30 a barrel