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Europa appoints ex-Macquarie director as CFO and executive director

© Supplied by Europa Oil and GasEuropa CFO and executive director Will Holland.
Europa CFO and executive director Will Holland.

Europa Oil and Gas has announced the appointment of Will Holland to the role of chief financial officer and executive director later this year.

Mr Holland will take up the position at the AIM-listed E&P firm effective of 1 June 2022.

He is a financier with a career spanning over 25 years in the upstream industry, having begun as an engineer focused on North Sea operations with Halliburton. He later earned an MBA from Heriot Watt University before moving into upstream banking at Macquarie Bank.

Since 2013 he has run a successful consulting business which advises energy companies on commercial, financial and M&A matters.

Mr Holland has significant experience in corporate acquisitions, establishing and growing small cap E&P companies, debt and equity financing, balance sheet restructuring and investor relations, much of which was gained working on deals across the UK and Europe.

In addition, he is a board observer at Angus Energy, an oil and gas and geothermal development company focused on UK onshore.

Europa chief executive Simon Oddie said: “I’m delighted that Will has agreed to join Europa in a full-time capacity. He has been consulting for Europa since November 2021 and orchestrated the equity raise for the Serenity farm-in.

“He brings a wealth of corporate, financial and M&A experience in the upstream sector that will be of crucial importance as we continue to grow the business and I look forward to working with him at this very exciting time for the company.”

Europa is mainly focused on exploration offshore Morocco and Atlantic Ireland, supported by revenue from onshore oil production in the UK.

This month saw the company successfully farm in to a 25% stake in the i3 Energy-led Serenity field, having completed equity fundraising in the “company making” project.

Financing was used to cover Europa’s 46.25% share of the cost for an appraisal well at the field, expected to spud towards the end of the third quarter of this year.

i3 is hoping for 100 million recoverable barrels from Serenity, located in the central North Sea.

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