Europa Oil & Gas Share News (EOG)

Lower costs offset drop in H1 revenue at Europa Oil & Gas

Revenues slipped lower in the first half, Europa Oil & Gas admitted on Tuesday, after it was hit by a decline in the average number of barrels of oil equivalent per day from 177 to 170. Turnover fell from £2.2m to £2.1m, but pre-tax profit doubled to £0.45m from £0.2m, lifted by a reduction in the

Europa Oil & Gas First-Half Profits Up Despite Lower Production

LONDON (Alliance News) - Europa Oil & Gas Holdings PLC Tuesday said its profits increased in its first-half, despite a slight drop in revenues due to lower production. The oil and gas exploration and development company said that for the six months ended January 31, pretax profit increased

UK MORNING BRIEFING: Aggreko Leads After Mixed Results

LONDON (Alliance News) - Aggreko is leading the FTSE 100 in early trading Tuesday after the temporary power company said it has seen mixed results in its first quarter, with strong underlying revenue growth in two of its three regions being impacted by adverse currency movements as previously exp

Europa Oil & Gas Permit For Tarbes Val d'Adour Extended

LONDON (Alliance News) - Europa Oil & Gas PLC said Monday that its 100% owned permit for Tarbes Val d'Adour in onshore France has been extended to January 18 2015. The permit contains several oil accumulations that had previously been licensed by Elf Aquitaine, now Total S.A, but had been a

Europa Oil&Gas on track for full-year production target

Exploration outfit Europa Oil&Gas delivered interim revenues in line with management´s expectations and was on track to hit its full-year production target of 165 barrels of oil equivalent per day. During the first half of its 2014 fiscal year the company´s revenues dipped slightly, to £2.1m versu

Europa Oil & Gas On Track To Achieve Full-Year Production Target

LONDON (Alliance News) - Europa Oil & Gas PLC Monday said it is on track to achieve its full-year 2014 production target despite lower production in its first half. The oil and gas exploration and development company said its revenue for the six month period ending January 31 was in line wi

Europa CEO grows stake, Vedanta's Agarwal buys another round

Hugh MacKay, the Chief Executive Officer of Europa Oil and Gas, has acquired 545,880 shares in the AIM-listed company, taking his stake to a total of 2.34m. MacKay, who bought the shares at 8.20p a go, spent a total of £44,762 on the purchase. The transaction came just two weeks after the compan

Aberdeen non-exec shows support after disappointing update

A Non-Executive Director of Aberdeen Asset Management last week bought a stake in the FTSE 100-listed group worth 60,000 pounds, it was announced on Monday. Richard Mully, who has sat on the board since April 2012, acquired 15,000 shares at 400p a go. The purchase came just a week after the grou

DIRECTOR DEALINGS: Europa Oil & Gas CEO, Non-Exec Acquire Shares

LONDON (Alliance News) - Europa Oil & Gas PLC Monday said Chief Executive Officer Hugh Mackay acquired 934,179 shares, and Non-Executive Director Roderick Corrie 309,974 shares, as part of Europa's recently completed open offer of shares. Europa announced last Monday that it had raised GBP1

Europa Oil & Gas Hits Funding Target As Open Over Over-Subscribed

LONDON (Alliance News) - Europa Oil & Gas (Holdings) PLC Monday said its open offer had been over-subscribed, meaning it raised the maximum amount of GBP1.16 million it had wanted to raise through the offer. The company had set out to raise GBP4.02 million through the open offer and a placi

Europa Oil & Gas Says Barrett and Syba Have Withdrawn Holder Meeting Request

LONDON (Alliance News) - Europa Oil & Gas PLC Wednesday said that Paul Barrett and Dr Erika Syba had withdrawn their request for a shareholder meeting to vote on them replacing Chairman Bill Adamson and non-executive director Roderick Corrie. The company said January 8 that it had received

Europa Oil & Gas says UK oilfield may hold shale gas

Europa Oil & Gas has won extra time for an oil exploration project in the UK's East Midlands that could hold shale gas. Europa, which has operations off the coast of Ireland and onshore activities in France and the UK, said Britain's Department of Energy & Climate Change had extended its phase one

Tuesday broker round-up UPDATE

Advanced Medical Solutions: Panmure Gordon downgrades from buy to hold with a target price of 102p. Antofagasta: Canaccord Genuity cuts target price from 1110p to 1035p, while staying with its buy recommendation. ASOS: Panmure Gordon increases target price from 5950p to 6126p, while downgrading fr

Europa Oil & Gas Completes 3D Seismic Testing Offshore Ireland

Thursday broker round-up UPDATE

Aquarius Platinum: Investec lowers target price from 48p to 42p and downgrades from hold to sell. ASOS: Citi increases target price from 5800p to 7000p reiterating its buy recommendation. BHP Billiton: Jefferies raises target price from 2350p to 2400p and keeps a buy recommendation. Clinigen: Inv