Europa Oil & Gas (Holdings) has agreed a third extension to the farm-out for drilling the Barracuda prospect offshore Equatorial Guinea.
Tag: Fuhai (Beijing) Energy 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’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 […]
Antler secures farm-out to drill Barracuda
Europa Oil & Gas (Holdings) plc investee, Antler Global Ltd, has secured a 40% farm-out to Fuhai (Beijing) Energy Ltd to drill the EG-08 block, offshore Equatorial Guinea. RESOURCES Fuhai, a subsidiary of Chinese energy and chemical business Fuhai Group New Energy Holding Co. Ltd, will fund 95% of the total costs, up to $53 […]