Europa Oil & Gas (Holdings) PLC Appointment of Advisers (4807N)
June 01 2022 - 2:02AM
UK Regulatory
TIDMEOG
RNS Number : 4807N
Europa Oil & Gas (Holdings) PLC
01 June 2022
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG /
Sector: Oil & Gas
1(st) June 2022
Europa Oil & Gas (Holdings) plc
("Europa" or the "Company")
Appointment of Nominated Adviser, Broker, PR Adviser,
Director Disclosures and Options Grant
Europa Oil & Gas (Holdings) plc, the AIM traded UK, Ireland
and Morocco focused oil and gas exploration, development, and
production company, is pleased to announce the appointment of new
advisers to the Company with immediate effect, namely:
-- Strand Hanson Limited, one of London's leading independent
advisers, as its Nominated and Financial Adviser ("Nomad");
-- Tennyson Securities, a specialist boutique energy, natural
resources and technology broker with in-house sub-surface expertise
and number one rated analyst, as its sole Broker; and,
-- Vigo Consulting, as its communications adviser with extensive
experience in the energy and natural resources sector.
Grant of Options
Further to the Company's announcement of 28 April 2022 and Will
Holland's appointment to the Board of Directors becoming effective
today, the Board of Directors has agreed to issue options over a
total of 3,721,000 ordinary shares of 1 penny each in the capital
of the Company ("Share Options") to Will Holland under the
Company's Enterprise Management Incentive (EMI) Share Option Plan.
The Share Options have an exercise price of 2.31 pence per ordinary
share and vest in three equal tranches after each of 12, 24 and 36
months and will be valid to 1st June 2028. Exercise of the Share
Options will be conditional on the closing average mid-market price
of an ordinary share exceeding the exercise price by two times for
30 consecutive trading days.
Simon Oddie, CEO, said:
"I'm very pleased to formally announce the appointment of our
new advisers, some of which have already helped Europa in various
capacities in recent months, especially as part of the Serenity
farm-in process. We now have an advisory team that has the right
knowledge and experience to continue to help us grow the business
and we look forward to working with them as we focus on creating
further value for shareholders."
Pursuant to AIM Rule 17 and Schedule Two, Paragraph (d), the
following statutory disclosures pertaining to various directors are
required:
William Holland
Previous Directorships/Partnerships (last five years)
Grafton Energy Ltd (08763810)
William Ahlefeldt
Mr Ahlefeldt was previously a director of Vision2buy Group A/S
until September 2006, at which point it was dissolved after
bankruptcy proceedings, which commenced in May 2003. Mr Ahlefeldt
was also previously a director of Vision2buy A/S until April 2003,
and bankruptcy proceedings of the company commenced in June
2003.
Brian O'Cathain
Mr O'Cathain was previously a director of Petroceltic
International plc which, during his tenure, was placed into
examinership by the High Court of Ireland on 11 April 2016.
* * ENDS * *
For further information, please visit www.europaoil.com or
contact:
Simon Oddie Europa Oil & Gas (Holdings) mail@europaoil.com
plc
Murray Johnson Europa Oil & Gas (Holdings) mail@europaoil.com
plc
Strand Hanson Limited - Nominated +44 (0) 20 7409
James Dance & Financial Adviser 3494
Strand Hanson Limited - Nominated +44 (0) 20 7409
James Spinney & Financial Adviser 3494
+44 (0) 20 7186
Peter Krens Tennyson Securities 9033
+ 44 (0) 20 7390
Patrick d'Ancona Vigo Consulting 0230
+ 44 (0) 20 7390
Finlay Thomson 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. Production in the half-year to 31st January 2022
was 208 boepd. 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 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. In September 2019, Europa was awarded a
75% interest in the Inezgane permit offshore Morocco. Initial
results of technical work have identified 30 prospects and leads
that have the potential to hold in excess of one billion barrels of
unrisked oil resources. In December 2021, Europa announced a
collaboration between Baker Hughes and CausewayGT to conduct a
geothermal clean heat project at the Company's West Firsby field.
If this project is successful, it will prove the operational
ability to extract and use geothermal heat from the site.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
APPEAESFDLEAEAA
(END) Dow Jones Newswires
June 01, 2022 02:01 ET (06:01 GMT)
Europa Oil & Gas (holdin... (LSE:EOG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Europa Oil & Gas (holdin... (LSE:EOG)
Historical Stock Chart
From Jul 2023 to Jul 2024