REG - Europa Oil & Gas - Termination of Licence Sale and Purchase Agreement

Europa Oil & Gas (Holdings)Announcement

02/03/2022 07:00

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RNS Number : 2889D  Europa Oil & Gas (Holdings) PLC  02 March 2022

               Europa Oil & Gas (Holdings) plc / Index: AIM /
Epic: EOG / Sector: Oil & Gas

2(nd) March 2022

Europa Oil & Gas (Holdings) plc ('Europa' or 'the Company')

Termination of Sale and Purchase Agreement on Irish Licence FEL 3/19

 

Europa Oil & Gas (Holdings) plc, the UK, Ireland and Morocco focused oil
and gas exploration, development and production company refers to the
conditional acquisition of a 100% interest in Frontier Exploration Licence
("FEL") 3/19 located in offshore Ireland, from DNO North Sea (U.K.) Limited
("DNO"), announced on 1(st) June 2020.

 

Europa has received notification from DNO that it wishes to exercise its
rights to terminate the Sale and Purchase Agreement (SPA), with effect from
1(st) March 2022.

 

Accordingly, Europa confirms that it will not, therefore, be acquiring this
licence.

 

 

* * ENDS * *

 

For further information please visit www.europaoil.com
(http://www.europaoil.com) or contact:

 

 Simon Oddie          Europa                                mail@europaoil.com
 Murray Johnson       Europa                                mail@europaoil.com
 Christopher Raggett  finnCap Ltd                           + 44 (0) 20 7220 0500
 Andrew Thacker       Turner Pope Investments (TPI)  Ltd    +44 (0) 20 3657 0050
 Oonagh Reidy         St Brides Partners Ltd                + 44 (0) 20 7236 1177

 

 

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.

 

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