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Europa Oil and Gas announces interim results


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 ....

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