Europa Oil & Gas (Holdings) plc /
Index: AIM / Epic: EOG / Sector: Oil & Gas
4 November 2019
Europa Oil &
Gas (Holdings) plc (‘Europa’ or ‘the Company’)
Europa’s
conventional UK oil production unaffected by shale gas fracking
moratorium
Europa Oil & Gas (Holdings) plc, the oil and gas
exploration, development and production company with assets in UK,
Morocco and Ireland, wishes to emphasise the Company has
no involvement in hydraulic fracturing operations for shale gas in
England. As a result, the shale gas moratorium announced in
the UK Government’s statement of 2 November
2019 will have no impact on Europa’s conventional oil
production and development activities in England.
A link to the press release issued by the UK Government, in
which it announced the end of its support for hydraulic fracturing
for shale gas in England on the
basis of new scientific evidence, can be found here
https://bit.ly/2qg2pgG.
Qualified Person Review
This release has been reviewed by Hugh
Mackay, Chief Executive of Europa, who is a petroleum
geologist with over 30 years' experience in petroleum exploration
and a member of the Petroleum Exploration Society of Great Britain, American Association of
Petroleum Geologists and Fellow of the Geological Society. Mr
Mackay has consented to the inclusion of the technical information
in this release in the form and context in which it appears.
* * ENDS * *
For further information please visit www.europaoil.com or
contact:
Hugh Mackay |
Europa |
+ 44 (0) 20 7224 3770 |
Phil Greenhalgh |
Europa |
+ 44 (0) 20 7224 3770 |
Matt Goode |
finnCap Ltd |
+ 44 (0) 20 7220 0500 |
Simon Hicks |
finnCap Ltd |
+ 44 (0) 20 7220 0500 |
Camille Gochez |
finnCap Ltd |
+ 44 (0) 20 7220 0500 |
Frank Buhagiar |
St Brides Partners Ltd |
+ 44 (0) 20 7236 1177 |
Juliet Earl |
St Brides Partners Ltd |
+ 44 (0) 20 7236 1177 |
Notes
Europa Oil & Gas (Holdings) plc has a diversified portfolio
of multi-stage hydrocarbon assets that includes production,
exploration and development interests, in countries that are
politically stable, have transparent licensing processes, and offer
attractive terms. In 2019 Europa produced 91 boepd. Its highly
prospective exploration projects include the Wressle development in
the UK (targeting production start-up in 2020 at 500 bopd gross)
and six licences offshore Ireland
with the potential to host gross mean un-risked prospective
resources of 6.4 billion barrels oil equivalent and 1.5 tcf gas
across all six licences. The Company’s flagship project offshore
Ireland is the Inishkea prospect –
a near field gas exploration project with 1.5 trillion cubic feet
(‘TCF’) gross mean un-risked prospective gas resources.