Exactly the same happened to our SP during the course of the Dunqin drill in 2013 - doubled in price and fell back to pre drill price after the discovery of a broken seal...... then of course we only had the two licences - now we have significantly more ....
Druid spuds in 10 weeks. It would me most unlikely that our Mcap will be only £12m at that time given the amount of interest that will be generated in Druid by that time. In 16 weeks the results of Druid will be known. Clearly if it is a failure our SP will fall back to current levels notwithstanding any other interim news we receive. But if it is a success the read through to our prospects and Porcupine Basin inventory will be huge. (we should all note that the two drills so far… Read More
Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, is pleased to provide detailed technical information on the recently awarded Licensing Options (‘LO’) 16/20 and 16/21. Europa has a 100% interest in, and is operator of, seven licences in the Atlantic basins offshore Ireland including LO 16/20 and LO 16/21, which cover 945 km2 and 832 km2 respectively in the Greater Corrib play in the Slyne Basin and… Read More
In July 2016, Faroe was awarded Licensing Option 16/23 (Faroe 100% and operator), in the Slyne/Erris Basin in Ireland, approximately 15 kilometres east of the producing Corrib gas field (operated by Shell), which came on-stream at the end of 2015. The Company sees considerable exploration potential in this licence option and has recently executed a farm-out agreement with Nexen. Under the terms of the farm-out agreement, upon completion… Read More
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