Europa Oil & Gas (Holdings) (GB:EOG) has released an update.
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Europa Oil & Gas (Holdings) PLC has announced a significant boost in the estimated prospective resources of their EG-08 block, with an additional 716 billion cubic feet (BCF) identified, bringing the total to over 2 trillion cubic feet equivalent (TCFe). The company has completed technical evaluations and is setting up a data room to attract potential partners for drilling an exploration well, with early interest already shown by various companies. Europa’s CEO expressed confidence in securing a partner and highlighted the block’s increased prospectivity and the quick potential for economic returns due to nearby infrastructure.
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