Business
Award of UK Licences
Award of UK Licences.
About this update from Europa Oil & Gas (holdings) Plc
[{"type":"text","content":"\n \nEuropa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas\n\n17 December 2015\n\nEuropa Oil & Gas (Holdings) plc (‘Europa’ or ‘the Company’)\n\nAward of Licences in 14th Landward Licensing Round\n\nEuropa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, is pleased to note the announcement on 17 December 2015 by the Oil and Gas Authority, the UK oil and gas regulator, confirming the conditional award of licences in the 14th UK Landward Licensing Round. To view a map of the new licences please click here.\n\nHighlights\n\n• Awarded interest in three onshore licences building on the existing portfolio\n\n• New partner groups have a wealth of experience and resources\n\n• Europa assigned operatorship of one licence - Third Energy and Ineos operators of two of the other licences\n\nBlocks SE72 and SE73\n\nThis is a two block licence located in the Humber Area, north of Goole in the Cleveland Basin. The Group has identified three conventional hydrocarbon leads in the Carboniferous section. The licence is considered to host a north-westerly structural continuation of the oil prone Crosby Warren - Wressle trend where Europa Oil & Gas Limited operates the Crosby Warren oil field and is a partner in the recent Wressle oil discovery. Block SE72 and SE73 partners are:\n\n\n\nEuropa Oil & Gas Limited\n50.00% (operator)\n\n\n\nShale Petroleum (UK) Limited\n50.00%\n\n\n\nBlock SK46c\n\nThis is a one block licence to the west of Mansfield in the East Midlands Petroleum Province. The exploration emphasis is the rejuvenation of the historic Hardstoft oil field, which was first drilled in 1919 and produced 26,000 barrels of oil from Dinantian Carbonates. The Company believes that a modern high angle well in the Hardstoft structure could access reserves over a much larger area than can have been seen by the original wells.\n\nAn independent Competent Person’s Report (“CPRâ€) prepared by Blackwatch Petroleum Services Limited (“Blackwatchâ€) on behalf of Upland Resources estimates there to be 3.10 MMbbl of contingent resource plus 3.65 MMbbl prospective resource in the broader Hardstoft structure alone, all sitting in Block SK46c and on a 'best' or central case bas...