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Thu, 11th Feb 2021 11:31 (Alliance News) - Europa Oil & Gas Holdings PLC on Thursday announced it has raised GBP1.5 million in a share placing and has granted a broker option to raise up to a further GBP500,000 to fund multiple work programmes. The UK, Ireland and Morocco focused oil and gas company said the placing was for 115.4 million shares at 1.3 pence per share and that it will take place in two tranches. The first tranche comprises 38.5 million shares to be admitted to AIM trading next Thursday and the second tranche comprises 76.9 million shares, to be approved by shareholders at a g...

Mon, 1st Feb 2021 11:07 (Alliance News) - Oil & gas companies Egdon Resources PLC, Europa Oil & Gas Holdings PLC and Union Jack Oil PLC on Monday announced the commencement of oil flow at the Wressle oil field in North Lincolnshire, England. The Wressle oil field lies on licences PEDL180 and PEDL182, in which Europa and operator Egdon hold a 30% working interest each and Union Jack Oil has a 40% interest. Europa is a UK, Ireland and Morocco-focused oil firm, while Egdon and Union Jack Oil are focused on the UK. Following operations to recomplete the Wressle-1 well and reperforate the Ashover ...

Egdon, better known for its involvement in fracking, also saw shares jump 5.7 per cent to 2.20p. Both firms own 30 per cent of the project. Senior partner Union Jack Oil, which owns 40 per cent, saw its stock slip 3.5 per cent. Europa chief executive Simon Oddie said: “The successful and safe completion of operations to recomplete and reperforate the Wressle-1 well on schedule, in spite of the ongoing pandemic and associated lockdown, is testament to the professionalism and expertise of the team on the ground. “With Wressle-1 currently on continuous 24-hour test production, I look forward...

1 February 2021 7:53 GMT Updated  1 February 2021 7:53 GMT in  London UK junior Egdon Resources has started oil flows at the onshore Wressle oilfield in England, where first output had been expected last year. ENERGY EXPLORED: SUBSCRIBE TO ACCELERATE Gain valuable insight into the global oil and gas industry's energy transition from ACCELERATE, the free weekly newsletter from Upstream and Recharge. The field — situated in North Lincolnshire licences PEDL 180 and 182 — has been placed on continuous 24-hour test production after operations to recomplete the well and reperfor...

Shares in Egdon and Europa pop as Lincolnshire field produces first oil Edward Thicknesse © Provided by City AM Shares in UK onshore oil firms Egdon and Europa jumped today as the companies announced the first production from their Wressle site in Lincolnshire. The site, which was meant to produce its first oil last year, is one of few onshore oil developments in the UK. Egdon, better known for its involvement in fracking, also saw shares jump 5.7 per cent to 2.20p. Both firms own 30 per cent of the project. Senior partner Union Jack Oil, which owns 40 per cent, saw its stoc...