Europa Oil & Gas reports 'strong' year as it expands in Ireland
3rd Oct 2016 12:29
(ShareCast News) - AIM-listed explorer Europa Oil & Gas said it delivered a "strong performance" for the year despite difficult market conditions with the low price of oil as it increased its presence in Ireland. Chief executive Hugh Mackay said: "In the face of difficult market conditions for the o
Read moreEuropa Oil offloads North Lincolnshire shares to Union Jack
27th Sep 2016 14:04
(ShareCast News) - Oil and gas exploration, development and production company Europa Oil & Gas announced on Tuesday that it has signed a sale and purchase agreement in relation to its 33.34% interest in the PEDL180 and PEDL182 licences in North Lincolnshire with Union Jack Oil. The AIM-traded firm
Read moreEuropa Oil&Gas provides technical update on license option 16/22
22nd Aug 2016 16:30
(ShareCast News) - Europa Oil&Gas's recently awarded licensing option 16/22 had un-risked indicative resources in the range of between 300 to 600m barrels of oil equivalent, the company said in a technical update. The explorer had a 100% interest in the licence, which covered 992 square kilometres i
Read moreEuropa Oil&Gas identifies several gas leads offshore Ireland
1st Aug 2016 14:00
(ShareCast News) - Europa Oil&Gas announced the discovery of several gas leads spanning two of its licenses offshore Ireland. Company boss Hugh Mackay highlighted the fact that the leads were in the vicinity of a gas field that had come into production just recently, with substantial gas infrastruct
Read moreEuropa Oil finds three large prospects in Irish Atlantic
2nd Mar 2016 14:23
(ShareCast News) - Europa Oil & Gas has identified three new prospects with prospective resources of 895m barrels of oil equivalent (mmboe) among the new blocks it won in last year's Irish Atlantic licencing round. The AIM-listed company said the three new pre-rift gross mean un-risked prospective r
Read moreEuropa awarded licensing option in Porcupine Basin
12th Feb 2016 09:08
(ShareCast News) - Europa Oil & Gas's Irish activities received a boost this week, with the news that it had been awarded one of a tranche of Licensing Options in the southern Porcupine Basin, offshore Ireland. The AIM-traded oil and gas exploration firm understood it would shortly be issued with a
Read moreEuropa Oil & Gas sees once-in-a-decade opportunity to drill offshore Ireland
26th Oct 2015 09:31
(ShareCast News) - Europa Oil & Gas believes there is a once in a decade opportunity to drill offshore Ireland thanks to the sharp drop in the prices for drilling equipment. That comes after the oil exploration and production outfit's partner in the FEL 3/13 license, Kosmos Energy Ireland, announced
Read moreEuropa Oil&Gas granted drilling permission for Holmwood oil prospect
23rd Sep 2015 16:01
(ShareCast News) - Surrey County Council has granted permission to drill an exploratory borehole at the Holmwood prospect. Europa Oil & Gas holds a 40% interest in the PEDL143 licence in the Weald Basin where the drilling will take place. Other partners in the onshore licence include Egdon Resource
Read moreEuropa Oil & Gas leaps after Irish field upgraded
13th May 2015 15:26
Shares in Europa Oil & Gas popped higher on the heels of fresh estimates for the resources in place in the area covered by its FEL 3/13 license area offshore West Ireland. The competent persons report (CPR) carried out by ERC Equipoise determined there were 1.49bn barrels of gross un-risked mean pro
Read moreEuropa Oil and Gas reports new prospects at Ireland-based site
8th Dec 2014 12:30
Hydrocarbon producer and developer Europa Oil & Gas announced new prospects have been identified at one of its projects in Ireland. Four prospects, all situated in the South Porcupine Basin, have been identified, two at the firm's FEL 3/13 licence and two at the FEL 2/13 licence. The two prospects
Read moreThursday broker round-up UPDATE
9th Oct 2014 09:27
African Barrick Gold: Numis reduces target price from 330p to 270p keeping its hold recommendation. Antofagasta: Numis upgrades to hold with a target price of 700p. Aureus Mining: Numis lowers target price from 45p to 40p staying with its buy recommendation. Boohoo: Barclays initiates with a targe
Read moreWressle-1 success boosts joint owners Egdon, Union Jack and Europa
2nd Sep 2014 09:33
The Wressle-1 exploration well, jointly owned by Egdon Resources, Union Jack Oil and Europa Oil & Gas, has been found to have a potential hydrocarbon pay in three intervals. Drilling on the well, which is located in Scunthorpe, began on 18 July and reached a total depth of 2,240 metres. Thicknes
Read moreLower costs offset drop in H1 revenue at Europa Oil & Gas
15th Apr 2014 13:43
Revenues slipped lower in the first half, Europa Oil & Gas admitted on Tuesday, after it was hit by a decline in the average number of barrels of oil equivalent per day from 177 to 170. Turnover fell from £2.2m to £2.1m, but pre-tax profit doubled to £0.45m from £0.2m, lifted by a reduction in the
Read moreEuropa Oil&Gas on track for full-year production target
10th Feb 2014 12:05
Exploration outfit Europa Oil&Gas delivered interim revenues in line with management´s expectations and was on track to hit its full-year production target of 165 barrels of oil equivalent per day. During the first half of its 2014 fiscal year the company´s revenues dipped slightly, to £2.1m versu
Read moreEuropa CEO grows stake, Vedanta's Agarwal buys another round
30th Jan 2014 16:35
Hugh MacKay, the Chief Executive Officer of Europa Oil and Gas, has acquired 545,880 shares in the AIM-listed company, taking his stake to a total of 2.34m. MacKay, who bought the shares at 8.20p a go, spent a total of £44,762 on the purchase. The transaction came just two weeks after the compan
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