Europa Oil & Gas (Holdings) PLC Exercise of Warrants and Total Voting Rights (6563Z)
16 Septiembre 2022 - 01:00AM
UK Regulatory
TIDMEOG
RNS Number : 6563Z
Europa Oil & Gas (Holdings) PLC
16 September 2022
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG /
Sector: Oil & Gas
16 September 2022
Europa Oil & Gas (Holdings) plc
("Europa" or the "Company")
Exercise of Warrants and TVR
Europa Oil & Gas (Holdings) plc, the AIM traded UK, Ireland
and Morocco focused oil and gas exploration, development, and
production company, announces that it has issued 2,717,193 new
ordinary shares of 1p each in the Company ("Ordinary Shares"), to
satisfy an exercise of warrants over Ordinary Shares at an exercise
price of GBP0.018 per Ordinary Share.
Admission to Trading and Total Voting Rights
Application has been made to the London Stock Exchange plc for
the admission to trading on AIM of the 2,717,193 new Ordinary
Shares, which is expected to occur at 8.00 a.m. on or around 20
September 2022 ("Admission"). On Admission, the Ordinary Shares
will rank pari passu with the existing Ordinary Shares.
On Admission, the issued share capital of the Company will be
959,184,178 Ordinary Shares and this figure may be used by
shareholders as a denominator for the calculations by which they
will determine if they are required to notify their interest in or
change to their interest in the Company. There are no Ordinary
Shares held in treasury and each Ordinary Share entitles the holder
to a single vote at general meetings of the Company. Accordingly,
on Admission, the total number of voting rights in the Company will
be 959,184,178.
* * ENDS * *
For further information, please visit www.europaoil.com or contact:
Simon Oddie Europa Oil & Gas (Holdings) mail@europaoil.com
plc
William Holland Europa Oil & Gas (Holdings) mail@europaoil.com
plc
Murray Johnson Europa Oil & Gas (Holdings) mail@europaoil.com
plc
Strand Hanson Limited - +44 (0) 20 7409
James Dance Nominated & Financial Adviser 3494
Strand Hanson Limited - +44 (0) 20 7409
James Spinney Nominated & Financial Adviser 3494
+44 (0) 20 7186
Peter Krens Tennyson Securities 9033
+ 44 (0) 20
Patrick d'Ancona Vigo Consulting 7390 0230
+ 44 (0) 20
Finlay Thomson Vigo Consulting 7390 0230
+ 44 (0) 20
Kendall Hill Vigo Consulting 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. Production in the half-year to 31 January 2022
was 208 boepd. 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 now has a 25% interest. The Company holds one exploration
licence offshore Ireland, 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. 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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