Europa Oil & Gas (Holdings) PLC Serenity Update (6005O)
04 Octubre 2023 - 1:00AM
UK Regulatory
TIDMEOG
RNS Number : 6005O
Europa Oil & Gas (Holdings) PLC
04 October 2023
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG /
Sector: Oil & Gas
4 October 2023
Europa Oil & Gas (Holdings) plc
("Europa" or the "Company")
Serenity Update
Europa Oil & Gas (Holdings) plc, the AIM traded UK and
Ireland focused oil and gas exploration, development, and
production company, notes the announcement made today by i3 Energy
PLC (AIM:I3E) (TSX:ITE) regarding the Serenity oil discovery in the
Outer Moray Firth area of the North Sea, in which Europa holds a
25% interest.
i3 Energy, operator of Serenity, and partner Europa, have been
notified that the licence for the Tain discovery (previously held
by RSRUK and Rockrose Energy) recently lapsed and that the Tain
acreage is therefore unlicenced and available to be re-licenced in
the future.
Europa have been working with i3 for some time as the partners
looked to advance a solution for the Blake / Tain / Serenity area
but this has made little progress whilst the previous Tain
licensees were unable to approve additional investment. With the
acreage now unlicenced, additional options for the area may now
come available and i3 and Europa are commencing discussions with
the NSTA and other interested parties to explore the remaining
potential of the wider area.
* * ENDS * *
For further information, please visit www.europaoil.com or
contact:
William Holland Europa Oil & Gas (Holdings) mail@europaoil.com
plc
Strand Hanson Limited
- Nominated & Financial +44 (0) 20 7409
James Dance / James Spinney Adviser 3494
+44 (0) 20 7186
Peter Krens Tennyson Securities 9033
Patrick d'Ancona / Finlay + 44 (0) 20 7390
Thomson / Kendall Hill 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. Average production for the 6-month period ending
31 January 2023 was 268 bopd. Europa took over operatorship of PEDL
343 in July 2023; this contains the Cloughton discovery which has
an unaudited GIIP of Pmean 192 BCF, established by summing the
volumes of 5 separate discovered horizons. 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 West 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.
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END
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