Europa Oil & Gas (Holdings) plc has cancelled 13 million enterprise management incentive share options and granted 50m new options of which a portion will replace those cancelled. REVIEW The company said that the remuneration committee had agreed with a third-party independent review that the remuneration packages for employees and directors was “no longer appropriate”. […]
Tag: Europa Oil & Gas (Holdings) plc
Wressle-1 averages 665bopd with pump rates in review
Wressle-1 well production is currently averaging 665 barrels of oil per day at the onshore joint venture in North Lincolnshire. MAXIMISATION Operator Egdon Resources UK Ltd (30%) continues to evaluate the reservoir response to increased pump rates, approved by the Environment Agency, within PEDL180/182 . Union Jack Oil plc (40%), which today reported it had […]
Wressle 2P gross reserves increase 263% in new CPR
The Wressle onshore oil and gas joint venture reported a 263% increase in 2P gross reserves based a new competent person’s report. VINDICATION ERC Equipoise Ltd’s CPR, on behalf of operator Egdon Resources UK Ltd (30%), Union Jack Oil plc (40%) and Europa Oil & Gas (Holdings) plc (30%), is dated 31 December 2023 and […]
Antler Global appoints Europa CEO as director
Antler Global Ltd director Simon Barry has left as Europa Oil & Gas plc CEO and nominee William Holland takes up the post. Companies House recorded the changes effective on 20 December. Antler Global’s oil and gas assets are in Equatorial Guinea.
Europa expands into Equatorial Guinea
Europa Oil & Gas (Holdings) plc has broadened its portfolio with an interest in a production sharing contract, offshore Equatorial Guinea. ANTLER GLOBAL The company purchased a 42.9% equity interest in explorer Antler Global Ltd via a US$3 million cash share subscription, payable in four instalments. Antler holds an 80% working interest in the “highly […]
Europa appoints Simon Ashby-Rudd as NED
Europa Oil & Gas (Holdings) plc has appointed Simon Ashby-Rudd to the board as independent non-executive director with immediate effect. Mr Ashby-Rudd’s experience in upstream energy includes 30 years in investment banking at large financial institutions including Dresdner Kleinwort Benson, Citigroup and Standard Bank where he was global head of oil & gas. He was […]