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

Share Price Information for Europa Oil & Gas (EOG)

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Share Price: 0.95
Bid: 0.90
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Spread: 0.10 (11.111%)
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IN BRIEF: Union Jack Oil earns USD7 million from Wressle development

Mon, 20th Jun 2022 11:13

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.

Egdon Resources PLC has a 30% interest in Wressle. Europa Oil & Gas Holdings PLC also has 30%, and Union Jack has 40%.

Expects to report a maiden profit for the half-year ending June 30, says Executive Chair David Bramhill. Firm says it is debt-free, with cash balance and short-term receivables at GBP8.4 million as of June 20, up from GBP7.1 million at April 22.

Current stock price: 28.70 pence, up 4.4% on Monday

12-month change: down 14%

By Tom Budszus; tombudszus@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
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.

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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:

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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:

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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.

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30 May 2022 14:00

IN BRIEF: Egdon, Europa and Union Jack get okay for Wressle field plan

Egdon Resources PLC - operator of Wressle oil field in north Lincolnshire, England - North Sea Transition Authority approves field development plan for Wressle. The UK regulator also approves the licenses, PEDL180 and PEDL182, to enter production through 2039.

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28 Apr 2022 15:54

EXECUTIVE CHANGES: SThree confirms German region chief Lehne as CEO

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

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22 Apr 2022 15:17

TRADING UPDATES: Itaconix fundraise; Graft Polymer, MGC in patent wins

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

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13 Apr 2022 19:46

TRADING UPDATES: McKay backs Workspace offer; IOG fixes Blythe fault

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

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13 Apr 2022 13:45

Europa Oil reports strongest first half yet

(Sharecast News) - UK, Morocco and Ireland-focussed Europa Oil & Gas reported its strongest interim financial performance since the first half of 2014 on Wednesday, with "significant" revenue and profit as a result of asset performance and a strengthening oil price.

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25 Mar 2022 18:51

TRADING UPDATES: Europa eyes fundraise; Eastinco extends long stop

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

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25 Mar 2022 10:43

Europa Oil shareholders to vote on fundraising for Serenity investment

(Sharecast News) - Europa Oil issued a statement urging shareholders to vote in favour of its proposed £7m fundraising on Friday morning, as investors gathered for a general meeting over the plans.

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18 Mar 2022 16:07

UK shareholder meetings calendar - next 7 days

Monday 21 March 
Aferian PLCAGM
Altona Rare Earths PLCAGM
Helical PLCGM re becoming REIT & buyback
Inland Homes PLCAGM
Tuesday 22 March 
Crest Nicholson Holdings PLCAGM
Hochschild Mining PLCEGM re Amarillo Gold acquisition
Hydro Hotel Eastbourne PLCAGM
Starvest PLCAGM
Sureserve Group plcAGM
Wynnstay Group PLCAGM
Wednesday 23 March 
CML Microsystems PLCGM re employee share plans
Quartix Technologies PLCAGM
Strategic Equity Capital PLCGM re tender offer
Thursday 24 March 
BlackRock Throgmorton Trust PLCAGM
Independent Investment Trust PLCAGM
N4 Pharma PLCAGM
React Group PLCAGM
Friday 25 March 
Beazley PLCAGM
Coro Energy PLCGM re proposed bond restructuring
Europa Oil & Gas Holdings PLCGM re fundraise
Kitwave Group PLCAGM
Triad Group PLCGM re revised remuneration policy

Read more

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