Europa Oil & Gas Holdings PLC (AIM:EOG) | RNS | Europa Oil & Gas - Result of General Meeting proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
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 has the potential to increase to over 200 boepd once the Wressle field in the UK, which is currently under development, comes on stream at a forecast 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 2.7 trillion cubic feet ( tcf ) gas ( subject to regulatory approval for the transfer of FEL 3/19). 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