Europa Oil & Gas (Holdings) (EOG)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 1.03p
   
  • Change Today:
      0.000p
  • 52 Week High: 1.75
  • 52 Week Low: 0.95
  • Currency: UK Pounds
  • Shares Issued: 959.18m
  • Volume: 1,661,282
  • Market Cap: £9.83m
  • RiskGrade: 442
  • Beta: 0.77

Europa Oil gets extension to its licence at Inishkea prospect

By Josh White

Date: Thursday 03 Nov 2022

LONDON (ShareCast) - (Sharecast News) - UK, Ireland and Morocco-focussed energy explorer, developer and producer Europa Oil has been given an extension to its Inishkea prospect, it announced on Thursday.
The AIM-traded company said it had been notified by the Department of the Environment, Climate and Communications in the Republic of Ireland that the minister had given his consent to extend the first phase of FEL 4/19 to 31 January 2024.

It said it intended to use the extension to carry out further technical studies, and to allow more time to secure a partner to advance development of the licence.

"I am delighted that our application has been granted and that we can continue with further technical studies of the licence and seeking a project partner," said chief executive officer Simon Oddie.

"FEL 4/19 contains the large, low risk, Inishkea gas prospect and is a strategic asset that can potentially provide a reliable source of low emission energy for Ireland."

Oddie said gas from the Corrib field, adjacent to Inishkea, was "one of the lowest" carbon-intensity gases in Europe - "much lower" than pipeline gas from Norway, the UK or the Russian gas piped to Europe.

"Ireland will continue to require gas into the foreseeable future, having recently agreed plans to build new gas-powered electricity plants.

"Inishkea, if successful on drilling, could provide a highly secure source of indigenous gas for Ireland, and play a key role in the transition to renewable green power."

At 1218 GMT, shares in Europa Oil & Gas Holdings were up 4.24% at 1.28p.

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 1.03p
Change Today 0.000p
% Change 0.00 %
52 Week High 1.75
52 Week Low 0.95
Volume 1,661,282
Shares Issued 959.18m
Market Cap £9.83m
Beta 0.77
RiskGrade 442

EOG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
32.43% above the market average32.43% above the market average32.43% above the market average32.43% above the market average32.43% above the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average
Price Trend
8.98% below the market average8.98% below the market average8.98% below the market average8.98% below the market average8.98% below the market average
28.40% above the sector average28.40% above the sector average28.40% above the sector average28.40% above the sector average28.40% above the sector average
Income Not Available
Growth
25.56% above the market average25.56% above the market average25.56% above the market average25.56% above the market average25.56% above the market average
7.41% above the sector average7.41% above the sector average7.41% above the sector average7.41% above the sector average7.41% above the sector average

EOG Dividends

No dividends found

Trades for 01-Dec-2023

Time Volume / Share Price
14:50 40,703 @ 1.01p
14:12 74,134 @ 1.01p
13:15 1,400,000 @ 1.01p
11:38 42,559 @ 1.02p
10:57 555 @ 0.95p

EOG Key Personnel

CEO Will Holland

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