Share Search
Visit the Share Search
Europa says it has no exposure to new fracking moratorium
4th Nov 2019 15:04
(Sharecast News) - Oil and gas exploration, development and production company Europa Oil & Gas Holdings issued an update to shareholders on Monday, emphasising that it had no involvement in hydraulic fracturing operations for shale gas in England.
The AIM-traded firm has assets in the UK, Morocco and Ireland, and issued the update in response to the Government's fresh moratorium on fracking in England, announced on Saturday.
"As a result, the shale gas moratorium announced in the UK Government's statement of 2 November 2019 will have no impact on Europa's conventional oil production and development activities in England," the board said in its statement.
As at 1028 GMT, shares in Europa Oil & Gas were down 1.38% at 2.15p.
The AIM-traded firm has assets in the UK, Morocco and Ireland, and issued the update in response to the Government's fresh moratorium on fracking in England, announced on Saturday.
"As a result, the shale gas moratorium announced in the UK Government's statement of 2 November 2019 will have no impact on Europa's conventional oil production and development activities in England," the board said in its statement.
As at 1028 GMT, shares in Europa Oil & Gas were down 1.38% at 2.15p.