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3 May 2022 07:00
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas
3 May 2022
Europa Oil & Gas (Holdings) plc
("Europa" or "the Company")
Director/PDMR Shareholding
Europa Oil & Gas (Holdings) plc, the AIM traded UK, Ireland and Morocco focused oil and gas exploration, development, and production company, announces that William Holland, Chief Financial Officer and Executive Director designate, has purchased 173,202 ordinary shares of £0.01 each in the Company ("Ordinary Shares") at a price of 2.36 pence per Ordinary Share.
Following the purchase, Mr Holland is beneficially interested in a total of 173,202 Ordinary Shares, representing approximately 0.02% of the Company's issued share capital.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities | |||||
a) | Name | William Holland | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer and Executive Director designate
| ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Europa Oil & Gas (Holdings) Plc
| ||||
b)
| LEI | 213800JWTCW7TN3WRC06 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a)
| Description of the financial instrument, type of instrument
Identification code
| Ordinary Shares of £0.01
GB00B03CJS30 | ||||
b)
| Nature of the transaction
| Purchase of Ordinary Shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Purchase of 173,202 Ordinary Shares at a price of 2.36 pence per Ordinary Share | ||||
e)
| Date of the transaction
| 29 April 2022 | ||||
f)
| Place of the transaction
| AIM (LSE)
| ||||
* * ENDS * *
For further information please visit www.europaoil.com or contact:
Simon Oddie | Europa | mail@europaoil.com |
Murray Johnson | Europa | mail@europaoil.com |
Christopher Raggett | finnCap Ltd | + 44 (0) 20 7220 0500 |
Simon Hicks | finnCap Ltd | + 44 (0) 20 7220 0500 |
Peter Krens | Tennyson Securities | +44 (0) 20 7186 9033 |
Patrick d'Ancona | Vigo Consulting | + 44 (0) 20 7390 0230 |
Finlay Thomson | Vigo Consulting | + 44 (0) 20 7390 0230 |
Notes to Editors
Europa Oil & Gas (Holdings) plc has a diversified portfolio of multi-stage hydrocarbon assets which includes production, development and exploration interests, in countries that are politically stable, have transparent licensing processes, and offer attractive terms. Production in the half-year to 31st January 2022 was 208 boepd. The Company holds two exploration licences offshore Ireland, which have the potential to host gross mean un-risked prospective resources of 1.5 trillion cubic feet ('tcf') gas. Inishkea is a near field gas prospect in the Slyne Basin which the Company classifies as lower risk due to its close proximity to the producing Corrib gas field and associated gas processing infrastructure. In September 2019, Europa was awarded a 75% interest in the Inezgane permit offshore Morocco. Initial results of technical work have identified 30 prospects and leads that have the potential to hold in excess of one billion barrels of unrisked oil resources. In December 2021, Europa announced a collaboration between Baker Hughes and CausewayGT to conduct a geothermal clean heat project at the Company's West Firsby field. If this project is successful it will prove the operational ability to extract and use geothermal heat from the site.
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