RNS Number : 0563K

Europa Oil & Gas (Holdings) PLC

03 May 2022

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

3 May 2022

Europa Oil & Gas (Holdings) plc

("Europa" or "the Company")

Director/PDMR Shareholding

Europa Oil & Gas (Holdings) plc, the AIM traded UK, Ireland and Morocco focused oil and gas exploration, development, and production company, announces that William Holland, Chief Financial Officer and Executive Director designate, has purchased 173,202 ordinary shares of GBP0.01 each in the Company ("Ordinary Shares") at a price of 2.36 pence per Ordinary Share.

Following the purchase, Mr Holland is beneficially interested in a total of 173,202 Ordinary Shares, representing approximately 0.02% of the Company's issued share capital.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 1    Details of the person discharging managerial responsibilities 
 a)   Name                        William Holland 
     ==========================  =========================================== 
 2    Reason for the notification 
 a)   Position/status             Chief Financial Officer and Executive 
                                   Director designate 
     ==========================  =========================================== 
 b)   Initial notification        Initial notification 
     ==========================  =========================================== 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
 a)   Name                        Europa Oil & Gas (Holdings) Plc 
     ==========================  =========================================== 
 b)   LEI                         213800JWTCW7TN3WRC06 
     ==========================  =========================================== 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
 a)   Description of the          Ordinary Shares of GBP0.01 
       financial instrument, 
       type of instrument 
       Identification code 
     ==========================  =========================================== 
 b)   Nature of the transaction   Purchase of Ordinary Shares 
     ==========================  =========================================== 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                    2.36p      173,202 
     ==========================  =========================================== 
 d)   Aggregated information 
        *    Aggregated volume      Purchase of 173,202 Ordinary Shares at 
                                    a price of 2.36 pence per Ordinary Share 
        *    Price 
     ==========================  =========================================== 
 e)   Date of the transaction     29 April 2022 
     ==========================  =========================================== 
 f)   Place of the transaction    AIM (LSE) 
     ==========================  =========================================== 

* * ENDS * *

For further information please visit www.europaoil.com or contact:

 Simon Oddie            Europa                 mail@europaoil.com 
 Murray Johnson         Europa                 mail@europaoil.com 
                                               + 44 (0) 20 7220 
 Christopher Raggett    finnCap Ltd             0500 
                                               + 44 (0) 20 7220 
 Simon Hicks            finnCap Ltd             0500 
                                               +44 (0) 20 7186 
 Peter Krens            Tennyson Securities     9033 
                                               + 44 (0) 20 7390 
 Patrick d'Ancona       Vigo Consulting         0230 
                                               + 44 (0) 20 7390 
 Finlay Thomson         Vigo Consulting         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. Production in the half-year to 31st January 2022 was 208 boepd. The Company holds two exploration licences offshore Ireland, which have 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. In September 2019, Europa was awarded a 75% interest in the Inezgane permit offshore Morocco. Initial results of technical work have identified 30 prospects and leads that have the potential to hold in excess of one billion barrels of unrisked oil resources. In December 2021, Europa announced a collaboration between Baker Hughes and CausewayGT to conduct a geothermal clean heat project at the Company's West Firsby field. If this project is successful it will prove the operational ability to extract and use geothermal heat from the site.

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(END) Dow Jones Newswires

May 03, 2022 02:02 ET (06:02 GMT)

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