Brian Goodman, CEO of Golden Matrix Group Inc. explains how they stay one step ahead of their rivals. Watch the interview here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Sponsored Content

Pin to quick picksEuropa Oil & Gas Share News (EOG)

Share Price Information for Europa Oil & Gas (EOG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.95
Bid: 0.85
Ask: 1.05
Change: 0.00 (0.00%)
Spread: 0.20 (23.529%)
Open: 0.95
High: 0.95
Low: 0.95
Prev. Close: 0.95

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Europa Oil, Egdon And Union Jack Tip First Wressle Oil By End Of Month

Mon, 11th Jan 2021 11:20

(Alliance News) - Oil & gas companies Europa Oil & Gas Holdings PLC, Union Jack Oil PLC and Egdon Resources PLC on Monday noted that the Wressle Oil Field Development is on track for first oil by the end of January.

Europa is a UK, Ireland and Morocco-focused oil firm, while Egdon and Union Jack Oil are focused on the UK.

Wressle is an onshore oil well located six miles to the east of Scunthorpe in North Lincolnshire, England.

Union Jack holds a 40% interest in the asset, while Egdon and Europa each hold 30%.

Union Jack said that the workover rig and associated services and equipment were successfully mobilised to Wressle last week, and operations to recomplete and reperforate the well have commenced.

Wressle is expected to commence production from the Ashover Grit reservoir at the end of January, according to the three companies.

The well will start producing at a constrained gross rate of 500 barrels of oil per day.

Egdon's and Europa's production will increase by 150 barrels of oil per day, and Union Jack's will increase by an additional 200 barrels of oil per day, once Wressle is fully on stream.

Europa noted that this would more-than-double its existing UK onshore production to over 200 barrels of oil per day.

Europa Chief Executive Simon Oddie said: "With oil prices trading above USD50 per barrel, far above the USD17.6 per barrel required for the field to break even, we are keen to bring Wressle into production at the earliest opportunity, so the commencement of operations at the site is most welcome. I look forward to providing further updates on progress made at the field as we target first oil by the end of the month."

Brent crude was trading at USD55.23 per barrel on Monday morning in London.

On Monday morning in London, Europa shares were up 8.6% at 9.50 pence each; Egdon shares were up 8.4% at 1.74p each; while Union Jack Oil shares down 7.4% at 0.18p each.

By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
10 Oct 2022 11:05

Europa Oil, i3 Energy share 'disappointment' from Serenity drilling

(Sharecast News) - Both Europa Oil and i3 Energy announced completion of drilling on the Serenity appraisal well on Monday, UK licence P2358, block 13/12c.

Read more
10 Oct 2022 11:00

AIM WINNERS & LOSERS: Europa Oil, i3 Energy slide as well disappoints

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

Read more
10 Oct 2022 10:56

Shares in i3 Energy and Europa Oil & Gas fall as well abandoned

(Alliance News) - i3 Energy PLC and Europa Oil & Gas PLC on Monday have abandoned a North Sea well after "disappointing" drilling results in the Serenity field.

Read more
27 Sep 2022 22:07

TRADING UPDATES: Goldstone Resources hails results; PCF moves deadline

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
22 Sep 2022 22:14

TRADING UPDATES: Prospex Energy profit up; Petro Matad widens loss

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
20 Sep 2022 14:39

Europa Oil & Gas and i3Energy to spud North Sea well this week

(Alliance News) - Europa Oil & Gas Holdings PLC and i3 Energy PLC on Tuesday said that its Stena Don drilling rig is now on location.

Read more
13 Sep 2022 12:25

Union Jack hails Wressle's "upside potential" after reserves report

(Alliance News) - Union Jack Oil PLC on Tuesday took confidence from an independent reserves report for its Wressle oilfield asset.

Read more
9 Sep 2022 11:27

IN BRIEF: Union Jack Oil shares up as loan facility signed with Europa

Union Jack Oil PLC - Bath-based UK-focused oil and gas company - Signs a loan facility with Europa Oil & Gas PLC for GBP1.0 million. Says the loan facility offers an "attractive commercial return to Union Jack on cash funds". Under the pact, the loan has an 18-month term, secured against an unencumbered 10% interest in the Wressle field, located within licences PEDL180 and PEDL182 in North Lincolnshire on the western margin of the Humber Basin. Union Jack holds a 40% interest in the development, whilst joint venture partner Europa holds a 30% stake.

Read more
26 Aug 2022 09:27

Union Jack's JV Wressle reaches "landmark" USD9 million revenue

(Alliance News) - Union Jack Oil PLC on Friday said its Wressle hydrocarbon development in North Lincolnshire has generated a "landmark" USD9.0 million revenue from production since August last year.

Read more
1 Aug 2022 13:52

IN BRIEF: i3 Energy completes Serenity farm-out deal with Europa

i3 Energy PLC - oil and gas producer in the UK and Canada - Completes farm-out agreement for 25% working interest in Block 13/23c North licence, which contains the Serenity discovery located in the North Sea. Europa Oil & Gas Holdings PLC acquires 25% working interest. Europa will fund about 46% of the cost of the upcoming Serenity appraisal well to a gross capped well cost of GBP15 million. i3 says after the farm-out, the company will retain a 75% working interest in Block 13/23c North and a 100% working interest in Block 13/23c South, which contains the Minos High prospect and Liberator discovery.

Read more
1 Aug 2022 11:21

i3 Energy farms out 25pc block interest to Europa Oil

(Sharecast News) - UK and Canada-focussed oil and gas company i3 Energy announced the completion of the farmout of a 25% working interest in block 13/23c North on licence P2358 on Monday, which contains the Serenity discovery, to Europa Oil and Gas.

Read more
29 Jul 2022 21:20

TRADING UPDATES: No Playtech Caliplay SPAC deal; SigmaRoc sales up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

Read more
25 Jul 2022 19:40

TRADING UPDATES: SSE issues green bond; Bank of Cyprus staff exits

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
20 Jun 2022 11:13

IN BRIEF: Union Jack Oil earns USD7 million from Wressle development

Union Jack Oil PLC - Bath-based UK-focused oil and gas company - Reports it has made USD7.0 million in revenue from Wressle hydrocarbon development in North Lincolnshire from production since August 2021. This represents increase of USD2 million from USD5 million total revenue reported on April 25. "Current daily production figures continue to be an average constrained flow-rate of 750 barrels of oil per day, well in-excess of the forecast of 500 barrels of oil per day from the Ashover Grit reservoir," it says.

Read more
30 May 2022 16:16

IN BRIEF: Europa Oil & Gas and i3 sign services contract for Serenity

Europa Oil & Gas Holdings PLC - oil and gas exploration, development, and production in UK, Ireland and Morocco - and i3 Energy PLC - oil and gas producer in the UK and Canada - i3 enters three-year contract with Petrofac Facilities Management Ltd for the subsidiary of Petrofac Ltd to provide well engineering, operations management and operator services for drilling of Serenity appraisal well. Serenity is located on its UK North Sea license P2358 block 13/23c, for which i3 is the operator and Europa holds a 25% working interest. i3 says well slot is secured for commencement date between August 15 and September 15 this year.

Read more

Free Investment Tools

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.