REG - Europa Oil & Gas - Revenue Swap Agreement

Europa Oil & Gas (Holdings)Announcement

21/05/2025 07:00

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RNS Number : 4946J  Europa Oil & Gas (Holdings) PLC  21 May 2025

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

 

21 May 2025

 

Europa Oil & Gas (Holdings) plc

("Europa" or the "Company")

 

Revenue Swap Agreement

 

Europa Oil & Gas (Holdings) plc, the AIM quoted West Africa, UK and
Ireland focused oil and gas exploration, development and production company,
is pleased to announce that it has entered into a Revenue Swap Agreement
("RSA") with a Canadian investment company (the "Investor"), whereby Europa
will pay an amount equating to 4.5% of the gross revenues resulting from the
oil production of the Wressle 1 well to the Investor in consideration for
US$500,000, which is paid upfront. The RSA is unsecured and the payments are
payable with effect from 1 May 2025. A further announcement will be made upon
receipt of the consideration.

 

William Holland, Chief Executive Officer of Europa, said:

"I am pleased that we have concluded this pre-payment of a small proportion of
our Wressle production. It brings forward a small part of our cashflows from
the Wressle 1 well and is a financing method that is non-dilutive to our
shareholders and will not impact our ability to secure project financing for
the Wressle development, which will help unlock the substantial undeveloped
resources and upside at Wressle."

 

* * ENDS * *

 

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

 

 William Holland                                                 Europa Oil & Gas (Holdings) plc            mail@europaoil.com

 Samantha Harrison / Ciara Donnelly / Elliot Peters              Grant Thornton UK LLP - Nominated Adviser  +44 (0) 20 7383 5100

 Peter Krens                                                     Tennyson Securities                        +44 (0) 20 7186 9033

 Patrick d'Ancona / Finlay Thomson / Kendall Hill / Anna Stacey  Vigo Consulting                            +44 (0) 20 7390 0230

 

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