Last checked at 28 Jan 2021 13:30
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas
Europa Oil & Gas (Holdings) plc ('Europa' or 'the Company')
Result of Annual General Meeting
Europa Oil & Gas (Holdings) plc, the UK, Ireland and Morocco focused oil and gas exploration, development and production company, is pleased to announce that, at the Annual General Meeting held earlier today, which was held as a closed meeting as a result of the pandemic, each of the resolutions ('Resolutions') set forth in the Notice convening the meeting ('Notice') were passed.
As detailed in the Notice, the AGM was held as a virtual closed meeting. There was no voting at the meeting with votes cast in advance by poll/proxy card or letters of representation from nominee account holders. Details of the votes For and Against for each resolution are detailed in the table below:
Resolution No. | For (% of votes cast) | Against (% of votes cast) |
1 | 99.88 | 0.04 |
2 | 99.86 | 0.06 |
3 | 99.62 | 0.30 |
4 | 99.07 | 0.84 |
5 | 99.37 | 0.54 |
6 | 99.37 | 0.55 |
7 | 98.30 | 1.11 |
8 | 98.81 | 1.11 |
9 | 98.93 | 0.93 |
* * ENDS * *
For further information please visit www.europaoil.com or contact:
Simon Oddie | Europa | mail@europaoil.com |
Murray Johnson | Europa | |
Christopher Raggett | finnCap Ltd | + 44 (0) 20 7220 0500 |
Simon Hicks | finnCap Ltd | + 44 (0) 20 7220 0500 |
Frank Buhagiar | St Brides Partners Ltd | + 44 (0) 20 7236 1177 |
Megan Dennison | St Brides Partners Ltd | + 44 (0) 20 7236 1177 |
Notes
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. In terms of production, in the year to 31st July 2020 Europa produced 92 boepd. Production is currently expected to increase to over 200 boepd in January 2021 once the Wressle field in the UK, which is currently under development, comes on stream at a gross rate of 500 bopd.
The Company holds four exploration licences offshore Ireland which have the potential to host gross mean un-risked prospective resources of 3.9 billion barrels oil equivalent and 2.7* trillion cubic feet ('tcf') gas. The Company's flagship projects offshore Ireland are Inishkea and Edge*, two near field gas prospects in the Slyne Basin which the Company classifies as lower risk infrastructure-led exploration due to their close proximity to the producing Corrib gas field and associated gas processing infrastructure (*subject to regulatory approval for the transfer of FEL 3/19). 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.