Europa Oil & Gas (Holdings) PLC CEO Simon Oddie joined Proactive's Stephen Gunnion with details of a joint venture with i3 Energy PLC on the Serenity project in the UK North Sea.
Oddie telling Proactive that Serenity is an appraisal and development opportunity, in which Europa is earning a 25% stake by paying 46.25% of the cost of a well.
He said it is a transformational deal for Europa that will catapult the company into the next league.