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

Share Price Information for Europa Oil & Gas (EOG)

London Stock Exchange
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Share Price: 0.875
Bid: 0.85
Ask: 0.90
Change: 0.00 (0.00%)
Spread: 0.05 (5.882%)
Open: 0.875
High: 0.875
Low: 0.875
Prev. Close: 0.875

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IN BRIEF: Europa Oil & Gas rises on strong output from Wressle well

Thu, 16th Dec 2021 21:33

Europa Oil & Gas Holdings PLC - exploration and production company focussed on Morocco and Ireland - The Wressle-1 well, in which Europa hold a 30% interest, alongside a 30% share by Egdon Resources PLC and 40% share by Union Jack Oil PLC, has produced at an 666 barrels of oil per day, plus 368,000 cubic feet of gas over the last seven day period.

In early 2022, testing is expected to be completed, with decisions to be made on the plateau production rate.

"I am delighted to report the continuing excellent performance of Wressle and look forward to the completion of testing of the full potential of this well and further announcements on the plans ahead," says Chief Executive Officer Simon Oddie.

Current stock price: 1.17 pence, up 8.7% on Thursday

Year-to-date change: up 6.4%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Europa Oil & Gas appoints consultant Alastair Stuart as COO

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12 Jan 2023 07:45

IN BRIEF: Europa Oil & Gas says oil field in UK Midlands outperforming

Europa Oil & Gas Holdings PLC - UK and Ireland focused oil and gas exploration, development and production - Wressle oilfield, located onshore in the UK's East Midlands, produces an average of 300 barrels of oil per day in December, prompting Europa to guide for group production net to Europa of 500 barrels of oil equivalent per day from the fourth quarter of 2023 onward. This will be after the Penistone horizon at Wressle comes online. Europa plans a development well for the Penistone horizon in the second half of the year and a second in 2024. This will come from a net committed capital expenditure budget of GBP5.1 million across the Europa asset base. The company has a net cash position of GBP4.6 million.

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