REG - Europa Oil & Gas - FEL 4/19 Licence Extension Approval

Europa Oil & Gas (Holdings)Announcement

Today 07:00

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RNS Number : 3518Y  Europa Oil & Gas (Holdings) PLC  27 March 2026

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

 

27 March 2026

 

Europa Oil & Gas (Holdings) plc

("Europa" or the "Company")

 

FEL 4/19 Licence Extension Approval

 

Europa Oil & Gas (Holdings) plc, the AIM quoted UK, Ireland and West
Africa focused oil and gas exploration, development and production company, is
pleased to announce, further to its announcement of 30 January 2026, that it
has received notification from the Irish Government's Department of Climate,
Energy and the Environment that the Minister has given his consent to extend
the Phase 1 of FEL 4/19 to 31 January 2028. The Company intends to use the
extension to carry out further technical studies and allow more time to secure
a partner to advance development of the licence.

 

William Holland, Chief Executive Officer of Europa, said:

"I am delighted that our application has been granted and that we can continue
with further technical

studies of the licence and seeking a project partner. FEL 4/19 contains the
large 1.5 TCF, low risk Inishkea West gas prospect which is a strategic asset
that can potentially provide a reliable source of low emission energy for
Ireland and play a key role in the transition to renewable green power. Given
the proximity to existing infrastructure, a discovery at Inishkea West could
be brought online quickly and would reduce Ireland's reliance on imported gas.
Domestic gas from Inishkea West would have significantly lower carbon
emissions than imported gas from the UK, Norway or further afield. We look
forward to working constructively with DECC as we seek to progress FEL 4/19 to
drilling, and to attract additional partners to this prospective licence."

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014, as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018, as amended.

 

* * 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 / Anna Sutton                      Vigo Consulting                            +44 (0) 20 7390 0230

 

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