RE: eog interview13 Apr 2022 17:24
Holding here and for Serenity.
I like it,
In what the company described as its “strongest interim financial performance since H1 2014” the company reported a £700,000 pre-tax profit and noted £900,000 of net cash from operations.
Europa has in recent years focussed on developing Wressle and partnering for offshore exploration ventures, and, with these latest financial results now sees those effort begin to show in its bottom line.
Wressle has continued to exceed its initial production projections of 500 barrels of oil per day, instead yielding rates of 884 bopd plus 480,000 cubic feet of gas. As a result, Wressle more than doubled Europa’s production volumes to 208 bopd through the six months ended January 31.