Europa Oil & Gas (Holdings) PLC Stena Don on Contract (9349Z)
September 20 2022 - 2:00AM
UK Regulatory
TIDMEOG
RNS Number : 9349Z
Europa Oil & Gas (Holdings) PLC
20 September 2022
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG /
Sector: Oil & Gas
20 September 2022
Europa Oil & Gas (Holdings) plc
("Europa" or the "Company")
Stena Don on Contract
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, further to its
announcement of 30 May 2022, that the Stena Don drilling rig is now
on contract and that the rig is on location at Production Licence
P.2358, Block 13/23c ("Serenity"). It is expected that the Stena
Don will begin drilling operations on the SA-02 appraisal well at
Serenity later this week, which is expected to last approximately
30 days.
Simon Oddie, CEO of Europa, said :
"We are pleased to announce the start of operations at Serenity
where the well objective is to prove up additional volumes of
hydrocarbons beyond those encountered in the original discovery
well, which alone the Operator considers commercially viable.
Serenity is a late-stage appraisal and development asset that
provides our shareholders with exposure to a very exciting asset
that could deliver significant value to our shareholders. This is
an exciting time for Europa and I look forward to providing further
updates in due course."
* * ENDS * *
For further information, please visit www.europaoil.com or
contact:
Simon Oddie Europa Oil & Gas (Holdings) mail@europaoil.com
plc
William Holland 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
+ 44 (0) 20 7390
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. Production in the half-year to 31 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.
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