Europa Oil & Gas (Holdings) (EOG)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 1.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 1.75
  • 52 Week Low: 0.90
  • Currency: UK Pounds
  • Shares Issued: 959.18m
  • Volume: 2,396,065
  • Market Cap: £9.59m
  • RiskGrade: 442

Hugh Mackay vacates position as CEO of Europa Oil

By Josh White

Date: Thursday 21 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Europa Oil & Gas Holdings announced on Thursday that, by mutual agreement, chief executive officer and executive director Hugh Mackay was stepping down from the board with immediate effect, having served since 2011.
The AIM-traded firm said Mackay would remain an employee of the company at the current time, and would be leaving on 31 December after a handover period.

It said Simon Oddie was moving from the role of non-executive chairman of the company to interim chief executive officer and executive chairman, until a new CEO is appointed.

Europa said Mackay's achievements while CEO include spearheading its very high impact exploration activities both offshore Ireland and more recently Morocco.

He had also overseen its onshore UK exploration, development and production position.

The company said the decision to appoint a new CEO reflected the company's strategy to diversify its asset base by adding new ventures in the appraisal and development part of the business.

With regard to its existing portfolio, the board confirmed that its farm out activities were continuing as set out in the announcement of 29 October, from which there was no further update.

"On behalf of the board, I would like to thank Hugh for his service to the company," said Simon Oddie.

"Hugh was appointed CEO in 2011 and inherited a varied portfolio of exploration licences in Ireland, France, Western Sahara and Romania as well as onshore UK production.

"He worked up and focused the company on a series of drillable exploration prospects capable of being farmed out."

Oddie said that as a result, Europa had very high impact exploration positions offshore Atlantic margin in Ireland and Morocco, as well as oil development and production onshore UK.

"Hugh has also been successful in attracting institutional investors to the company's share register.

"This provides Hugh's successor with a solid base for the future development of the company.

"We wish Hugh the best for the future."

Hugh Mackay said he had enjoyed his eight years at Europa, and was proud of the position it had built as a "leading Atlantic margin explorer" in Ireland and its new entry into Morocco.

"I am confident that the scene is now set for positive outcomes at Inishkea and Wressle and that the time is right for new leadership to take the company forward.

"I wish the staff, board and shareholders of Europa all the very best for the future."

At 1126 GMT, shares in Europa Oil & Gas Holdings were down 5.41% at 1.75p.

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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 1.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 1.75
52 Week Low 0.90
Volume 2,396,065
Shares Issued 959.18m
Market Cap £9.59m
RiskGrade 442

EOG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.28% above the market average35.28% above the market average35.28% above the market average35.28% above the market average35.28% above the market average
23.68% above the sector average23.68% above the sector average23.68% above the sector average23.68% above the sector average23.68% above the sector average
Price Trend
52% below the market average52% below the market average52% below the market average52% below the market average52% below the market average
9.76% below the sector average9.76% below the sector average9.76% below the sector average9.76% below the sector average9.76% below the sector average
Income Not Available
Growth
29.36% above the market average29.36% above the market average29.36% above the market average29.36% above the market average29.36% above the market average
24.53% above the sector average24.53% above the sector average24.53% above the sector average24.53% above the sector average24.53% above the sector average

EOG Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
14:12 17,027 @ 0.97p
13:14 500,000 @ 0.99p
13:13 500,000 @ 0.99p
13:13 500,000 @ 0.99p
12:17 489,612 @ 1.02p

EOG Key Personnel

CEO Will Holland

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