Europa Oil & Gas (Holdings) PLC (AIM:EOG) hailed the restart of production at the Wressle-1 well following the installation of a downhole jet pump and associated surface facilities to optimise flow rates.
Since production resumed, flow rates have topped 950 barrels of oil per day, the company said.
The well is now on continuous 24-hour production and is still being cleaned up, while export and sale of oil have recommenced.
Once stabilised production is achieved, a further announcement will be made.
Europa holds a 30% economic interest in the PEDL180 and PEDL182 licences located in Lincolnshire, on the Western margin of the Humber Basin.