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Europa Oil & Gas (Holdings) ( (GB:EOG) ) has shared an update.
Europa Oil & Gas has initiated a farmout process for its EG-08 asset in Equatorial Guinea, aiming to fund an exploration well. In Ireland, Europa seeks a partner for its Inishkea West gas prospect, which could significantly contribute to Ireland’s gas supply. In the UK, Europa plans to submit a planning application for the Cloughton appraisal well and has ongoing production from the Wressle oilfield. The company’s 2025 budget reflects a prudent approach to exploration and development, with a focus on increasing production and cashflows through strategic projects such as the Wressle development programme.
More about Europa Oil & Gas (Holdings)
Europa Oil & Gas (Holdings) plc is an oil and gas exploration, development, and production company focused on the UK, West Africa, and Ireland. The company is involved in various projects, including gas and oil asset development in Equatorial Guinea, Ireland, and the UK, with an emphasis on leveraging existing infrastructure to meet energy demands while minimizing carbon emissions.
YTD Price Performance: -13.04%
Average Trading Volume: 1,271,910
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £7.43M
See more insights into EOG stock on TipRanks’ Stock Analysis page.
