Europa Oil & Gas (Holdings) PLC Director Change (5862X)
April 27 2023 - 2:00AM
UK Regulatory
TIDMEOG
RNS Number : 5862X
Europa Oil & Gas (Holdings) PLC
27 April 2023
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG /
Sector: Oil & Gas
27 April 2023
Europa Oil & Gas (Holdings) plc
("Europa" or the "Company")
Director Change
Europa Oil & Gas (Holdings) plc, the AIM traded UK and
Ireland focused oil and gas exploration, development, and
production company, announces that Mr William Ahlefeldt has
informed the Board of his intention to retire as a director of
Europa with immediate effect.
Mr Ahlefeldt has served as a director of Europa since 2004 and
has played a crucial role during his time on the Board. He was
instrumental in bringing the Company to the AIM Market of the LSE
in 2004 and he remains one of Europa's largest shareholders. As an
experienced petroleum engineer, he has provided technical
leadership on the Board throughout his tenure. In addition, he has
provided significant financial support to the Company on several
occasions.
Following Mr Ahlefeldt's retirement, the Board will comprise two
executive directors and three non-executive directors. The Board
believes that this composition of directors provides a
well-balanced commercial, technical and financial skill set to
deliver on the existing strategy and govern the business
appropriately, as such it is not intended to replace Mr Ahlefeldt
at this time.
Brian O'Cathain, Chairman of Europa, said:
"I would like to thank William for his many years of loyal
service and invaluable contribution to Europa. William has been a
valued member of the Board, and we wish him every success in the
future."
William Ahlefeldt, said:
"It has been an honour to sit on the Board of Europa and be part
of the Company from its initial flotation on AIM through to the
success of the Wressle field. I have great faith in the new
executive management team and intend to remain a loyal
shareholder."
* * ENDS * *
For further information, please visit www.europaoil.com or
contact:
William Holland / Murray Europa Oil & Gas (Holdings) mail@europaoil.com
Johnson plc
Strand Hanson Limited
- Nominated & Financial +44 (0) 20 7409
James Dance / James Spinney Adviser 3494
+44 (0) 20 7186
Peter Krens Tennyson Securities 9033
Patrick d'Ancona / Finlay + 44 (0) 20 7390
Thomson / Kendall Hill Vigo Consulting 0230
Notes to Editors
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. Average production for the 6-month period ending
31 January 2023 was 268 bopd. In April 2022, Europa farmed into
P.2358, Block 13/23c ("Serenity") in the Outer Moray Firth area of
the North Sea. The licence contains the 2019 Serenity oil
discovery, in which Europa now has a 25% interest. The Company
holds one exploration licence offshore Ireland, which has two
principal prospects, the largest of which has the potential to host
gross mean un-risked prospective resources of 1.5 trillion cubic
feet ("tcf") gas. Inishkea is a near field gas prospect in the
Slyne Basin which the Company classifies as lower risk due to its
close proximity to the producing Corrib gas field and associated
gas processing infrastructure.
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END
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