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Europa Oil & Gas, the AIM traded UK, Morocco and Ireland focused oil and gas exploration, development, and production company, has announced its interim results. Europa reports its strongest interim financial performance since H1 2014 with significant revenue and profit as a result of asset performance and a strengthening oil price
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Europa Oil & Gas (Holdings) plc, the UK, Ireland and Morocco focused oil and gas exploration, development and production company, has announced that it has been advised by the operator that consent has been received from North Lincolnshire Council for the storage of crude oil under the Planning (Hazardous Substances) Regulations 1992 at the Wressle Oil Field Development.
The grant of consent allows full use of the installed oil storage capacity at the site of approximately 2000 bbl and will enable full production from the conventional Wressle1 well to be realised once the upcoming proppant squeeze has been completed. The proppant squeeze, for which all necessary consents have been received, is expected to increase overall production to 500 bpd of oil (150 bbl net to Europa).
AIM-listed Union Jack Oil, a UK focused onshore hydrocarbon production, development and exploration company, has been advised by Egdon Resources U.K., the Operator, that consent has been received from the North Lincolnshire Council for the storage of crude oil at the conventional Wressle Oil Field Development.