Europa Oil & Gas (Holdings) has agreed a third extension to the farm-out for drilling the Barracuda prospect offshore Equatorial Guinea.
Tag: Antler Global Ltd
Europa extends deadline for EG-08 farm-out
Europa Oil & Gas (Holdings) plc has again extended the farm-out deadline for a 40% interest in the EG-08 production sharing contract (PSC) offshore Equatorial Guinea, following delayed Chinese approval. Associated company Antler Global Ltd signed the agreement with Fuhai (Beijing) Energy Ltd, a subsidiary of Fuhai Group New Energy Holding Co. Europa said that […]
Europa secures more time for EG-08 farm-out
Europa Oil & Gas (Holdings) plc has secured more time to complete the farm-out agreement for the EG-08 production sharing contract, offshore Equatorial Guinea. Located in the shallow waters of the Douala Basin, the licence contains three “high-graded” prospects across 731 km2. Europa states that the combined volumes are estimated at mean prospective resources of […]
Europa clears state approval for EG-08 farm-out
Europa Oil & Gas (Holdings) plc’s investee, Antler Global Ltd, has received state approval to complete the farm-out of the EG-08 gas production sharing contract, offshore Equatorial Guinea. RIG Fuhai (Beijing) Energy Ltd will drill the Barracuda prospect and hold 40% of the PSC. Europa has a 42.9% equity interest in operator Antler which, on […]
Europa raises £641,000 from retail offer
Europa Oil & Gas (Holdings) plc has raised £641,176.89 from its retail offer of 53,431,408 new ordinary shares, each at 1.2 pence, and up to 13,357,852 warrants. TVRs The company said it had increased the size of the offer, originally set at £350,000, for existing shareholders. Europa subsequently had to scale back the offer to […]
Europa’s future uncertain without £3.5m placing
Europa Oil & Gas (Holdings) plc said it faced an uncertain future if shareholders rejected a conditional £3.5m fundraise, through the placing of 291,667,000 new ordinary shares. USES A retail offer also aims to raise up to £350,000, via the issue of up to 29,166,667 new ordinary shares of £0.01 each. The company holds interests […]