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
16 Dec 2021 10:56

AIM WINNERS & LOSERS: Wressle boosts Europa Oil, Egdon and Union Jack

AIM WINNERS & LOSERS: Wressle boosts Europa Oil, Egdon and Union Jack

Read more
1 Dec 2021 16:07

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
21 Oct 2021 12:46

TRADING UPDATES: Attraqt wins new deals; Trifast outlook confident

TRADING UPDATES: Attraqt wins new deals; Trifast outlook confident

Read more
21 Sep 2021 14:10

Union Jack Oil, Egdon Resources, Europa Oil get oil production boost

Union Jack Oil, Egdon Resources, Europa Oil get oil production boost

Read more
24 Aug 2021 11:17

Egdon Resources, Union Jack Oil and Europa Oil note success at Wressle

Egdon Resources, Union Jack Oil and Europa Oil note success at Wressle

Read more
3 Aug 2021 15:58

IN BRIEF: Europa Oil & Gas launches farmout for Inezgane permit

IN BRIEF: Europa Oil & Gas launches farmout for Inezgane permit

Read more
3 Aug 2021 11:12

Europa Oil launches farmout initiative at Inezgane

(Sharecast News) - UK, Ireland and Morocco-focussed oil and gas exploration, development and production company Europa Oil & Gas announced the formal launch of a farmout initiative on its Inezgane Offshore Permit in Morocco's Agadir Basin on Tuesday, which it was awarded in 2019.

Read more
29 Jul 2021 19:31

TRADING UPDATES: Forterra, Equiniti and Foxtons return to profit

TRADING UPDATES: Forterra, Equiniti and Foxtons return to profit

Read more
29 Jul 2021 10:41

AIM WINNERS & LOSERS: Salt Lake in Lake Way caution; Tricorn recovers

AIM WINNERS & LOSERS: Salt Lake in Lake Way caution; Tricorn recovers

Read more
30 Jun 2021 19:14

TRADING UPDATES: Topps Tiles improves as curbs ease; Bermele makes buy

TRADING UPDATES: Topps Tiles improves as curbs ease; Bermele makes buy

Read more
30 Jun 2021 11:49

Europa teams up with CausewayGT to assess future of West Firsby

(Sharecast News) - Britain, Ireland and Morocco-focussed energy company Europa Oil & Gas announced on Wednesday that its wholly-owned subsidiary operator of the West Firsby oilfield has entered into a memorandum of understanding with Causeway Geothermal, to assess the potential of the field as a geothermal test and commercial deployment site.

Read more
29 Jun 2021 17:10

IN BRIEF: Egdon, Union Jack and Europa Oil note Wressle timeline delay

IN BRIEF: Egdon, Union Jack and Europa Oil note Wressle timeline delay

Read more
26 May 2021 18:18

TRADING UPDATES: AVI Global sees strong results; Finsbury Food rebound

TRADING UPDATES: AVI Global sees strong results; Finsbury Food rebound

Read more
18 May 2021 19:19

Egdon, Union Jack and Europa Oil note Wressle green light

Egdon, Union Jack and Europa Oil note Wressle green light

Read more
14 Apr 2021 12:04

TRADING UPDATES: Quixant swings to 2020 loss but recommends dividend

TRADING UPDATES: Quixant swings to 2020 loss but recommends dividend

Read more

Make Better Investment Decisions

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.