Europa Oil & Gas (Holdings) PLC (AIM:EOG) CEO Simon Oddie speaks to Proactive following the release of full year results for the period ending 31 July that reveal sharp rises in both revenue and profits. High oil & gas prices and unexpectedly high production at the Wressle oilfield in the UK helped lift revenues to £6.6mln from £1.4mln in 2021, while pre-tax profits rose to £1.4mln from £850,000 over the same period.
Oddie describes it as a "big year" and anticipates more changes to come in the next twelve months.
He suggests that planned developments at the Wressle field will allow for further increases in oil production at the site, and is also in talks with I3 Energy over the future of the Serenity gas field.
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