Europa Oil & Gas has mapped an estimated 2.5 trillion cubic feet of gas.
Europa Oil & Gas
Europa Oil & Gas boss, Hugh Mackay, today said the firm had made the "critical first step" in unleashing the hydrocarbon potential in the South Porcupine basin.
Europa Oil & Gas this morning confirmed it has been successful in its bid to raise more cash for its UK operations.
Europa Oil & Gas has narrowed its losses, according to its interim results.
Europa Oil & Gas has farmed out at 12.5% slice of its Weald Basin holdings to Angus Energy.
Europa Oil & Gas has divided a shale stake after acquiring Shake Petroleum UK for a nominal consideration of £1.
Europa Oil & Gas recorded a pre-tax loss of £1.9million for its financial year.
Europa Oil and Gas (LON: EOG) will carry out further analysis of two blocks off the coast of Ireland after being granted year-long extensions on the licences. The AIM-listed exploration and production company said it hoped that uncovering additional resources would help it find a drilling partner. It plans to carry out extra mapping of potential plays contained within its 100%-owned assets in the South Porcupine Basin, about 120 miles off the south-west tip of Ireland.
Europa Oil & Gas has awarded a total of 3,560,000 options to buy ordinary shares of 1p each in the company.
Europa Oil & Gas has beefed-up its portfolio with four new licences offshore Ireland.
The Oil and Gas Authority(OGA) has approved a two-year extension to Europa Oil & Gas for its PEDL 143 licence in the Weald Basin located in Surrey, UK.
Europa Oil & Gas, the AIM listed oil and gas exploration, development and production company focused on Europe, has formally accepted the award of four new Licensing Options as part of phase two of the 2015 Atlantic Ireland licensing round.
Europa Oil and Gas will retain 100% of its field exploration licences offshore Ireland, after its partner Kosmos Energy pulled out.
Europa Oil & Gas added £1.4million to its fundraising pot in a bid to sustain its future exploration plans. The firm issued 20,000,000 new ordinary shares as part of its strategy to secure funding to cover the start-up costs of its Wressle discovery.