REG - Europa Oil & Gas - Wressle Update

Europa Oil & Gas (Holdings)Announcement

18/10/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231018:nRSR4302Qa&default-theme=true

RNS Number : 4302Q  Europa Oil & Gas (Holdings) PLC  18 October 2023

 

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

 

18 October 2023

 

Europa Oil & Gas (Holdings) plc

("Europa" or the "Company")

 

Wressle Update

 

Europa Oil & Gas (Holdings) plc, the AIM traded UK and Ireland focused oil
and gas exploration, development and production company, is pleased to
announce that workover operations on the Wressle-1 well to install a downhole
jet pump and recomplete the well have been successfully concluded. The
workover rig has been demobilised from the Wressle site.

A new surface Triplex pump has been purchased and has been installed and
connected.  The final stages of the surface facilities upgrades are nearing
completion.  The re-instatement of production operations at Wressle-1 well is
currently expected during the week commencing 23 October 2023.

Europa holds a 30% economic interest in Wressle (PEDL180/182).

 

Will Holland, Chief Executive Officer of Europa, said:

 

"Operations to install a jet pump at our core Wressle oilfield are progressing
well, with production from the field expected to restart next week. We are
pleased that the work has gone so smoothly and I look forward to updating the
market on resumption of production".

 

* * 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
 James Dance / James Spinney                       Strand Hanson Limited - Nominated & Financial Adviser      +44 (0) 20 7409 3494
 Peter Krens                                       Tennyson Securities                                        +44 (0) 20 7186 9033
 Patrick d'Ancona / Finlay Thomson / Kendall Hill  Vigo Consulting                                            + 44 (0) 20 7390 0230

 

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. Average production for the
6-month period ending 31 January 2023 was 268 bopd. In April 2022, Europa
farmed into P.2358, Block 13/23c ("Serenity") in the Outer Moray Firth area of
the North Sea. The licence contains the 2019 Serenity oil discovery, in which
Europa has a 25% interest. The Company holds one exploration licence offshore
Ireland, which has two principal prospects, the largest of which has the
potential to host gross mean un-risked prospective resources of 1.5 trillion
cubic feet ("tcf") gas. Inishkea is a near field gas prospect in the Slyne
Basin which the Company classifies as lower risk due to its close proximity to
the producing Corrib gas field and associated gas processing infrastructure.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDMRBATMTABBAJ