Europa Oil & Gas (Holdings) (EOG)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

0.48p
   
  • Change Today:
    -0.025p
  • 52 Week High: 1.15
  • 52 Week Low: 0.48
  • Currency: UK Pounds
  • Shares Issued: 959.18m
  • Volume: 4,555,248
  • Market Cap: £4.56m
  • RiskGrade: 442
  • Beta: 0.06

Europa Oil & Gas confirms extension to Cloughton licence

By Josh White

Date: Wednesday 14 Feb 2024

LONDON (ShareCast) - (Sharecast News) - Europa Oil & Gas announced a significant extension to its PEDL 343 licence on Wednesday, housing the Cloughton gas discovery in the East Midlands.
The AIM-traded firm said that as the operator with a 40% interest, it could confirm that the North Sea Transition Authority (NSTA) had granted a two-year extension to both the initial term, now extended to 20 July 2026, and the second term, extended to 20 July 2028.

It said the extension would allow it to further its endeavours, given the Cloughton discovery was estimated to hold Pmean gross gas initially in place (GIIP) volumes of 192 billion cubic feet.

Notably, the discovery well at Cloughton had demonstrated promising results, flowing good quality sweet gas at rates of up to 40,000 standard cubic feet per day at natural flow.

Europa's projections suggested that, with appropriate completion techniques, a well could flow at six million standard cubic feet per day.

The company said it was committed to engaging with stakeholders to secure the necessary permits and consents required for drilling an appraisal well.

It said the step was crucial in demonstrating the field's productivity and unlocking its potential.

"We are delighted that the NSTA has granted a two-year extension to PEDL 343 as it allows us to continue to progress the material Cloughton gas discovery towards commercialisation," said chief executive officer Will Holland.

"We will update the market as we reach further milestones."

At 1210 GMT, shares in Europa Oil & Gas Holdings were down 1.17% at 1.01p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

EOG Market Data

Currency UK Pounds
Share Price 0.48p
Change Today -0.025p
% Change -5.00 %
52 Week High 1.15
52 Week Low 0.48
Volume 4,555,248
Shares Issued 959.18m
Market Cap £4.56m
Beta 0.06
RiskGrade 442

EOG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
15.69% above the market average15.69% above the market average15.69% above the market average15.69% above the market average15.69% above the market average
1.41% below the sector average1.41% below the sector average1.41% below the sector average1.41% below the sector average1.41% below the sector average
Price Trend
88.4% below the market average88.4% below the market average88.4% below the market average88.4% below the market average88.4% below the market average
64.38% below the sector average64.38% below the sector average64.38% below the sector average64.38% below the sector average64.38% below the sector average
Income Not Available
Growth
26.63% below the market average26.63% below the market average26.63% below the market average26.63% below the market average26.63% below the market average
28.89% below the sector average28.89% below the sector average28.89% below the sector average28.89% below the sector average28.89% below the sector average

EOG Dividends

No dividends found

Trades for 18-Jul-2025

Time Volume / Share Price
13:07 1,024,131 @ 0.49p
12:46 670,000 @ 0.50p
11:49 718,567 @ 0.49p
11:33 23,000 @ 0.52p
10:49 500,000 @ 0.50p

EOG Key Personnel

CEO Will Holland

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