Europa's revenues soar as oil price and volumes rise
8th Feb 2012 13:57
Europa Oil & Gas, the AIM-listed oil and gas exploration and development company, has reported a significant improvement in UK production and revenues generated during the six month period ending January 31st. The firm achieved a 61% increase in the first half revenues to £2.4m compared with £1.5
Read moreEuropa exits Romania, West Firsby production resumes
20th Jan 2012 08:10
Europa Oil & Gas is to relinquish its 28.75% stake at the Brodina concession in Romania. The decision will mean the firm has to write off £2.7m that has already been sunk in to the project. In today's update Europa also says production has resumed at the West Firsby 7 well in the East Midlands. The
Read moreCable and Wireless chairman pockets shares
16th Nov 2011 15:22
The chairman of FTSE 250 firm Cable and Wireless Worldwide has snapped up shares just one day after the firm announced a big fall in profits. John Barton pocketed 100,000 in the embattled telecoms firm for a total sum of £22,940. Earlier this week C&WW posted pre-tax profits of £35m in the first
Read moreLondon close: Footsie stages late recovery
15th Nov 2011 16:38
London's FTSE 100 index bucked the trend in global markets on Tuesday to trade broadly flat by the close despite some heavy falls for Burberry and the banks. Some slightly better-than-expected domestic economic news seemed to lift sentiment in the UK during the day. Worth noting, UBS has set its ye
Read moreLondon midday: Euro concerns dampen sentiment, Burberry falls
15th Nov 2011 12:05
Just six stocks were in the blue by midday, as reports of political difficulties for the Italy's Prime Minister-in-waiting shook investors' nerves. London's blue chip index remains firmly in negative territory, registering a fall of 1.35% by 12:05. ITALIAN, SPANISH YIELDS ON THE RISE Former EU Com
Read moreEuropa Oil and Gas dig hole to nowhere in Romania
15th Nov 2011 11:44
Europa Oil and Gas has seen its share price plummet in morning trading following the announcement that drilling at its Horodnic-1 exploration well in northern Romania has been a failure. It says of the operation, which cost Europa £720,000, that "no potentially commercial hydrocarbon bearing interv
Read moreEuropa Oil enters new phase of exploration
17th Oct 2011 13:14
AIM-listed firm Europe Oil and Gas has been awarded two exploration licensing options covering four-block parcels off the west coast of Ireland. The options, for the Porcupine basin, were granted in the Irish Atlantic Margin Licensing Round, a platform for oil and gas companies to apply for new au
Read moreLondon close: Stocks soar as euro talks proceed
27th Sep 2011 16:33
The top share index surged in early dealings and continued heading higher towards the close amid optimism that European leaders will get to grips with the euro crisis. Talks are still ongoing about an expansion of the European Financial Stability Fund, with conflicting signals over whether an agree
Read moreLondon midday: Stocks advance on Euro hopes
27th Sep 2011 12:00
Stocks have built on their early morning gains as optimism that some kind of end to the Eurozone crisis is in sight continues. Talks are still ongoing about an expansion of the European Financial Stability Fund, with conflicting signals over whether an agreement is near failing to put investors of
Read moreLondon open: London follows Wall Street higher
27th Sep 2011 08:24
London's leading share index is posting big gains following a strong performance from Wall Street overnight. RBS leads the way as banks continue their strong performance from yesterday, while silver specialist Fresnillo leads the mining sector's recovery. Optimism that European leaders are making
Read moreEuropa Oil and Gas faces tax headache
27th Sep 2011 08:10
AIM-listed tiddler Europe Oil and Gas has been hit by a tax bill of €730,000 by the Romanian authorities following its sale of the Bilca gas field in 2007. The Romanian government says value added tax should have been paid on the transaction. The oil and gas company, which had revenue that barely
Read moreNew boss for Europa Oil
11th Aug 2011 12:44
Oil industry veteran Hugh Mackay is to be the new chief executive officer of Europe-based hydrocarbon explorer Europa Oil & Gas has appointed. Mackay, who will join the company on 10 October of this year, previously held the position of founding chairman at Avannaa Resources, a mineral exploratio
Read moreEuropa doubles production
10th Jun 2011 07:31
Europe-based hydrocarbon explorer Europa Oil & Gas said that group production has doubled since the operational and weather-related issues reported in early March. The firm announced on 1 March that overall production at its West Firsby oilfield in Lincolnshire has been affected by the severe winte
Read moreEuropa Oil & Gas has planning permission denied
26th May 2011 11:41
Surrey County Council has spoiled Europa Oil & Gas's plans by refusing planning permission for the UK onshore Holmwood-1 exploration well. The group has a 40% operating interest in the planned prospect, located in the Weald Basin, which has been in the pipeline since the start of 2010. The group ha
Read moreElevator man buys BP shares
24th May 2011 15:36
Non-executive director George David bought more than £800,000 of shares in BP yesterday, the oil giant announced today. He bought 30,000 American Depositary Receipts (ADS), which is equivalent to 180,000 ordinary BP shares. He paid $43.99 each for half of the ADSs and $43.98 for the other half. Da
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