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Europa Oil & Gas presents plans for Wressle oil site after receiving all necessary consents
Europa Oil & Gas (LON:EOG) CEO Simon Oddie joins Proactive London to discuss the latest developments on the Wressle oil production site after announcing that all the necessary consents have been received by the Operator, Egdon Resources for the commencement of the proppant squeeze operation.
The plan is now to proceed with the final stage of operations at Wressle to achieve optimum production levels from the Ashover Grit reservoir. Subject to the results of the upcoming operation, Europa’s overall production across all four of its producing UK onshore fields is set to be scaled up to over 200bopd.
Egdon, Union Jack and Europa Oil note Wressle green light lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.
Europa Oil and Gas announces interim results
14 Apr 2021
Europa Oil & Gas, the AIM traded Ireland, Morocco and UK focused oil and gas exploration, development and production company, has announced its interim results for the six month period ended 31 January 2021.
Operational highlights
Onshore UK - commencement of oil flow at Wressle set to transform Europa s financial profile
Successful and safe completion of operations to recomplete the Wressle-1 well and reperforate the Ashover Grit reservoir interval
Well currently on continuous 24-hour test production
Wressle projected to more than double Europa s net production to over 200boepd
Production at Wressle expected to be highly profitable at today s US$60 plus per barrel oil prices - compares favourably to estimated break-even oil price of US$17.6 per barrel