2 Mar 2022 07:00
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas
2nd March 2022
Europa Oil & Gas (Holdings) plc ('Europa' or 'the Company')
Termination of Sale and Purchase Agreement on Irish Licence FEL 3/19
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Europa Oil & Gas (Holdings) plc, the UK, Ireland and Morocco focused oil and gas exploration, development and production company refers to the conditional acquisition of a 100% interest in Frontier Exploration Licence ("FEL") 3/19Â located in offshore Ireland, from DNO North Sea (U.K.) Limited ("DNO"), announced on 1st June 2020.
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Europa has received notification from DNO that it wishes to exercise its rights to terminate the Sale and Purchase Agreement (SPA), with effect from 1st March 2022.
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Accordingly, Europa confirms that it will not, therefore, be acquiring this licence.
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* * ENDS * *
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For further information please visit www.europaoil.com or contact:
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Simon Oddie | Europa | mail@europaoil.com |
Murray Johnson | Europa | mail@europaoil.com |
Christopher Raggett | finnCap Ltd | + 44 (0) 20 7220 0500 |
Andrew Thacker | Turner Pope Investments (TPI) Ltd | +44 (0) 20 3657 0050 |
Oonagh Reidy | St Brides Partners Ltd | + 44 (0) 20 7236 1177 |
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Notes to Editors
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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.
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