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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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TRADING UPDATES: Genel Energy likes high oil price; Cooks Coffee grows

Tue, 17th Jan 2023 14:54

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

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Alliance Pharma PLC - Chippenham, England-based distributor of consumer healthcare brands and prescription medicines - For 2022, notes see-through revenue GBP172.0 million, in line with its trading update from November and up from GBP169.6 million in 2021. Consumer healthcare revenue increases to GBP125.2 million in 2022, up from GBP121.8 million. Anticipates 2022 underlying pretax profit "slightly above" GBP30 million, compared to GBP42.2 million in 2021. Chief Financial Officer Andrew Franklin says: "We are starting to see the benefits of our investment in innovation and development. Kelocote Kids Gel had a successful launch in China in 2022 and will be introduced in the UK and Germany this year, whilst Canker-X, part of the Aloclair brand franchise, was launched in the US this month and is already being sold through Walgreens [Boots Alliance Inc] and RiteAid [Corp]."

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Cooks Coffee Co Ltd - New Zealand-based coffee chain - Records sales growth of 41% in UK during 2022 versus 2021, while sales in Ireland jump 91%. Sites in UK and Ireland as at December 31, 2022 increase to 85, up slightly from 82 a year prior. The company will release its results for the financial year 2023 to March 31 by the end of June. Executive Chair Keith Jackson says: "These cafe sales results highlight the resurgence and growth of the business and in this instance surpass those published by other industry leaders."

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Corero Network Security PLC - Amersham, Buckinghamshire-based distributed denial of service cyber defence solutions - Order intake in 2022 rises by 13% to USD23.9 million from USD21.2 million in 2021. Annualised recurring revenue grows 13% to USD14.4 million from USD12.8 million. Expects adjusted earnings before interest, tax, depreciation and amortisation to fall to a range of USD1.4 million to USD1.8 million, from USD3.9 million a year prior. Cash as at December 31 falls by 50% to USD5.6 million from USD11.2 million a year ago. Looking ahead, Chief Executive Lionel Chmilewsky says: "Encouragingly, we start 2023 with a solid pipeline of new business opportunities. Our focus for 2023 is to leverage our investment in sales and marketing and capitalise on our market-leading SmartWall solutions and SecureWatch services to drive revenue growth."

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Egdon Resources PLC - Gloucestershire, England-based energy exploration and production company - Announces Wressle cumulative oil production more than 341,100 barrels from August 2022 to January 12. Reports a production rate of approximately 825 to 850 barrels of oil per day at Wressle, up from 700 to 725 bopd reported in November. Says August to December revenue was GBP3.1 million, up from GBP2.1 million a year prior. Three microturbines have been delivered to the Wressle site, with installation and commissioning ongoing. Further, notes that 3D seismic reprocessing has been completed at Wressle site, as planning and permitting for Penistone Flags development has begun. Plans drilling of Penistone Flags for the second half of 2023. Europa Oil & Gas Holdings PLC, a UK and Ireland focused oil and gas exploration, development and production, and Union Jack Oil PLC, a Bath, England-based oil and gas company, note Egdon's announcement.

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Genel Energy PLC - Oil company with exploration and production operations in northern Iraq - Reports lower oil production in 2022 as brent oil price jumps. 2022 net production falls to 30,150 barrels of oil per day, from 31,710 in 2021. In 2022, Genel's brent oil price surges 42% to USD101 per barrel from USD71 in 2021. 2022 cash proceeds received from the Kurdistan regional government rise by 68% to USD473 million, up from USD281 million in 2021. Free cash flow jumps to USD233 million from USD86 million. Expects 2023 production of 27,000 to 29,000 bopd, down from 30,150 in 2022. Expects an expenditure of up to USD25 million in Somaliland in 2023. The company anticipates to release its 2022 results on March 22.

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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13 Sep 2024 12:49

IN BRIEF: Europa Oil & Gas opts not to extend Serenity licence

Europa Oil & Gas Holdings PLC - UK and Ireland-focused oil and gas exploration, development and production company - Says that it does not intend to apply to the North Sea Transition Authority for an extension to the Serenity licence, which is due to expire on September 30 of this year. As a result, the incurred costs associated the licence that Europa Oil & Gas has capitalised on its balance sheet will be written off.

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13 Sep 2024 11:23

Europa Oil opts not to extend Serenity licence

(Sharecast News) - Europa Oil & Gas, an company focussed on oil and gas exploration, development, and production in the UK, Ireland and West Africa, announced on Friday that it would not apply for an extension of the Serenity licence, P2358.

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3 May 2024 20:29

IN BRIEF: Europa Oil & Gas withdraws from UK offshore licensing round

Europa Oil & Gas (Holdings) PLC - UK and Ireland-focused oil and gas exploration, development and production company - Updates on the company's application for a licence as part of the 33rd UK Offshore Licensing Round that closed in January. Says the North Sea Transition Authority proposes a marriage between Europa and another party for the Licence. But, Europa decides not to accept the proposed marriage and also notifies the NSTA that, if the NSTA subsequently decide to award the Licence, in its entirety to the company as the sole owner, Europa would decline the offer. Europa explains that since its original application various aspects of the operating conditions and the fiscal environment have changed and remain uncertain. This reduces the economic and strategic attractiveness of the licence. As such, Europa believes that its resources are better deployed on its existing assets and looking for new opportunities within its core areas of focus.

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3 May 2024 08:39

Europa Oil to decline any North Sea licence offer

(Sharecast News) - Europa Oil & Gas said in an update on Friday that it received communication from the North Sea Transition Authority (NSTA) regarding its application for a licence as part of the 33rd UK Offshore Licensing Round.

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22 Apr 2024 20:03

EARNINGS AND TRADING: Zenova's Kitemark award; Carnival's eyes savings

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

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17 Apr 2024 12:21

IN BRIEF: Europa Oil loss lower; eyes opportunity in Equatorial Guinea

Europa Oil & Gas Holdings PLC - UK and Ireland-focused oil and gas exploration, development and production company - Pretax loss narrows 20% to GBP1.0 million in the six months to GBP1.0 million from GBP1.3 million a year prior. Revenue dives to GBP1.4 million from GBP3.7 million, which it says was due to the three-month shut-in period at Wressle in the East Midlands. Total cost of sales decrease 28% to GBP1.6 million from GBP2.2 million. Notably, reports no exploration write off cost, compared to GBP1.7 million a year prior. Looking ahead, Chief Executive Officer Will Holland says: "As we have alluded to in the past, we are always looking for additional geographies where we can reallocate our inhouse expertise. Such an opportunity arose in Equatorial Guinea towards the end of last year, where we are investing in a very high-quality licence with three drill-ready and potentially transformational prospects."

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14 Feb 2024 12:40

Europa Oil & Gas confirms extension to Cloughton licence

(Sharecast News) - Europa Oil & Gas announced a significant extension to its PEDL 343 licence on Wednesday, housing the Cloughton gas discovery in the East Midlands.

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14 Feb 2024 11:55

Europa Oil & Gas gets extension to PEDL 343 gas licence from UK NSTA

(Alliance News) - Europa Oil & Gas Holdings PLC on Wednesday announced an extension to its PEDL 343 licence in the East Midlands of England, which contains the Cloughton gas discovery.

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29 Jan 2024 10:27

IN BRIEF: Europa Oil hails phase extension for flagship Irish licence

Europa Oil & Gas Holdings PLC - UK and Ireland-focused oil and gas exploration, development, and production company - Says that Phase One of FEL 4/19, its licence in the Slyne basin, has been extended following approval from the Irish Government's Department of the Environment, Climate & Communications.

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15 Jan 2024 13:37

IN BRIEF: Europa Oil & Gas stock down as cashflow lower than expected

Europa Oil & Gas Holdings PLC - UK and Ireland-focused oil and gas exploration, development, and production company - Expects to report free cash flow of approximately GBP800,000 for 2023, lower than forecast of GBP4.2 million announced on Wednesday. Says lower than expected result was primarily due to delayed development at Wressle-1 well reducing revenue receipts for 2023, although it did result in "materially lower" capital expenditure. Says it has sufficient funds to cover expected capital and operational requirements for 2024. Company also reports that its cash position was GBP4.3 million at November 30, and that gross production at Wressle-1 is currently averaging 665 barrels of oil per day.

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2 Jan 2024 11:05

Union Jack and Europa Oil get resources upgrade for Wressle field

(Alliance News) - Union Jack Oil PLC and Europa Oil & Gas Holdings PLC on Tuesday said an independent assessment has increased the oil reserves of their licences at the Wressle field onshore in Lincolnshire, England.

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19 Dec 2023 12:43

Europa Oil & Gas and Union Jack Oil toast flow rate at Wressle-1 well

(Alliance News) - Europa Oil & Gas Holdings PLC and Union Jack Oil PLC on Tuesday said that production had increased at the UK onshore Wressle-1 well.

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29 Nov 2023 17:20

Union Jack, Europa O&G note Egdon update on Wressle future plans

(Alliance News) - Union Jack Oil PLC and Europa Oil & Gas Holdings PLC on Wednesday both noted Egdon Resources UK Ltd's community update on the Wressle oilfield development in North Lincolnshire, including PEDL180 and PEDL182 assets.

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27 Nov 2023 20:02

TRADING UPDATES: Live Co to cut jobs; SDX Energy in strategy shift

(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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16 Nov 2023 15:54

UK shareholder meetings calendar - next 7 days

Friday 17 November 
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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