{"id":8451,"date":"2017-10-31T16:55:11","date_gmt":"2017-10-31T22:55:11","guid":{"rendered":"http:\/\/nrgibroker.com\/?p=8451"},"modified":"2018-02-02T13:11:14","modified_gmt":"2018-02-02T19:11:14","slug":"record-year-for-europa-oil-gas","status":"publish","type":"post","link":"https:\/\/nrgibroker.com\/en\/record-year-for-europa-oil-gas\/","title":{"rendered":"Record Year for Europa Oil &#038; Gas"},"content":{"rendered":"<p><a href=\"http:\/\/From: Rigzone Staff \/ Monday, October 30, 2017    2016\/17 was a record year for Europa Oil &amp; Gas (Holdings) plc in terms of corporate activity, according to the company\u2019s CEO Hugh Mackay.  During this time, Europa achieved a successful farm-out to Cairn of a 70 percent interest in one of the company\u2019s South Porcupine licenses, two separate sales of Europa\u2019s interest in the Wressle oil field in the East Midlands, the acquisition of Shale Petroleum, and the farm-out of a 12.5 percent stake in the upcoming Holmwood well in the Weald basin.  \u201cIn our view, this activity is testament to the quality of the technical work we have carried out on our licenses, the excellent location of our assets both offshore Ireland and onshore UK, and the major uptick in industry interest and activity in new plays across our areas of focus,\u201d Mackay said in a company statement.  \u201cThe year ahead should see more of the same. We remain focused on securing farm-outs for the remainder of our Irish licenses with partners with whom we can advance our assets towards drilling. At the same time, we are looking forward to commencing drilling activity at the conventional Holmwood prospect in the Weald, an area that is generating considerable excitement following the opening up of the Kimmeridge limestone play,\u201d he added.  Europa registered revenues of $2.1 million (GBP 1.6 million) for the 12 month period ended July 31, 2017. This marked a slight increase over last year\u2019s figure of $1.7 million (GBP 1.3 million). Net cash balance as at July 31, 2017 stood at $4.7 million (GBP 3.6 million), compared to $2.2 million (GBP 1.7 million) last year.    \u00a0From: Rigzone Staff \/ Monday, October 30, 2017\">\u00a0From: Rigzone Staff \/ Monday, October 30, 2017<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>2016\/17 was a record year for Europa Oil &amp; Gas (Holdings) plc in terms of corporate activity, according to the company\u2019s CEO Hugh Mackay.<\/p>\n<p>During this time, Europa achieved a successful farm-out to Cairn of a 70 percent interest in one of the company\u2019s South Porcupine licenses, two separate sales of Europa\u2019s interest in the Wressle oil field in the East Midlands, the acquisition of Shale Petroleum, and the farm-out of a 12.5 percent stake in the upcoming Holmwood well in the Weald basin.<\/p>\n<p>\u201cIn our view, this activity is testament to the quality of the technical work we have carried out on our licenses, the excellent location of our assets both offshore Ireland and onshore UK, and the major uptick in industry interest and activity in new plays across our areas of focus,\u201d Mackay said in a company statement.<\/p>\n<p>\u201cThe year ahead should see more of the same. We remain focused on securing farm-outs for the remainder of our Irish licenses with partners with whom we can advance our assets towards drilling. At the same time, we are looking forward to commencing drilling activity at the conventional Holmwood prospect in the Weald, an area that is generating considerable excitement following the opening up of the Kimmeridge limestone play,\u201d he added.<\/p>\n<p>Europa registered revenues of $2.1 million (GBP 1.6 million) for the 12 month period ended July 31, 2017. This marked a slight increase over last year\u2019s figure of $1.7 million (GBP 1.3 million). Net cash balance as at July 31, 2017 stood at $4.7 million (GBP 3.6 million), compared to $2.2 million (GBP 1.7 million) last year.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6288 size-full\" src=\"https:\/\/nrgibroker.com\/wp-content\/uploads\/2016\/04\/shutterstock_356589947-e1492472672702.jpg\" alt=\"\" width=\"600\" height=\"400\" srcset=\"https:\/\/nrgibroker.com\/wp-content\/uploads\/2016\/04\/shutterstock_356589947-e1492472672702.jpg 600w, https:\/\/nrgibroker.com\/wp-content\/uploads\/2016\/04\/shutterstock_356589947-e1492472672702-300x200.jpg 300w, https:\/\/nrgibroker.com\/wp-content\/uploads\/2016\/04\/shutterstock_356589947-e1492472672702-450x300.jpg 450w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/From: Rigzone Staff \/ Monday, October 30, 2017    2016\/17 was a record year for Europa Oil &amp; Gas (Holdings) plc in terms of corporate activity, according to the company\u2019s CEO Hugh Mackay.  During this time, Europa achieved a successful farm-out to Cairn of a 70 percent interest in one of the company\u2019s South Porcupine licenses, two separate sales of Europa\u2019s interest in the Wressle oil field in the East Midlands, the acquisition of Shale Petroleum, and the farm-out of a 12.5 percent stake in the upcoming Holmwood well in the Weald basin.  \u201cIn our view, this activity is testament to the quality of the technical work we have carried out on our licenses, the excellent location of our assets both offshore Ireland and onshore UK, and the major uptick in industry interest and activity in new plays across our areas of focus,\u201d Mackay said in a company statement.  \u201cThe year ahead should see more of the same. We remain focused on securing farm-outs for the remainder of our Irish licenses with partners with whom we can advance our assets towards drilling. At the same time, we are looking forward to commencing drilling activity at the conventional Holmwood prospect in the Weald, an area that is generating considerable excitement following the opening up of the Kimmeridge limestone play,\u201d he added.  Europa registered revenues of $2.1 million (GBP 1.6 million) for the 12 month period ended July 31, 2017. This marked a slight increase over last year\u2019s figure of $1.7 million (GBP 1.3 million). Net cash balance as at July 31, 2017 stood at $4.7 million (GBP 3.6 million), compared to $2.2 million (GBP 1.7 million) last year.    \u00a0From: Rigzone Staff \/ Monday, October 30, 2017\">\u00a0From: Rigzone Staff \/ Monday, October 30, 2017<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0From: Rigzone Staff \/ Monday, October 30, 2017 &nbsp; 2016\/17 was a record year for Europa Oil &amp; Gas (Holdings) plc in terms of corporate activity, according to the company\u2019s CEO Hugh Mackay. During this time, Europa achieved a successful farm-out to Cairn of a 70 percent interest in one of the company\u2019s South Porcupine [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6288,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1516,1017,1475],"tags":[424,208,268,1623],"class_list":["post-8451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news","category-oil-gas","tag-economy","tag-oil","tag-oil-gas","tag-oil-expenses"],"_links":{"self":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts\/8451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/comments?post=8451"}],"version-history":[{"count":0,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts\/8451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/media\/6288"}],"wp:attachment":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/media?parent=8451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/categories?post=8451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/tags?post=8451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}