Business
Completion of Serenity Farm-in
Completion of Serenity Farm-in.
About this update from Europa Oil & Gas (holdings) Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas\n \n \n \n \n \n 1 August 2022\n \n \n \n \n \n \n Europa Oil & Gas (Holdings) plc\n \n \n \n \n (\"Europa\" or the \"Company\")\n \n \n \n \n \n \n \n Completion of Serenity Farm-in\n \n \n \n \n \n \n \n \n \n \n \n Europa Oil & Gas (Holdings) plc, the AIM traded UK, Ireland and Morocco focused oil and gas exploration, development, and production company, is pleased to announce that all conditions precedent required to complete the farm-in to Block 13/23c (\"Serenity\") have now been satisfied. The Company announced the details of the Serenity Farm-in Agreement on 21 April 2022, noting that the farm-in agreement was subject to approval from the North Sea Transition Authority and other customary conditions. These conditions have now all been satisfied and the farm-in has now completed.\n \n \n \n \n \n \n Simon Oddie, CEO, said\n \n :\n \n \n \n \n \n \"I'm pleased that we have now completed the final formalities of the Serenity Farm-in and look forward to updating the market as we progress, with i3 Energy as operator, towards starting drilling operations in early September. The Serenity appraisal well, an important near-term catalyst for Europa, has the potential to prove sufficient recoverable volumes to justify a standalone development and could deliver significant near-term value to our shareholders.\"\n \n \n \n \n \n \n \n \n * * ENDS * * \n \n \n For further information, please visit \n \n \n www.europaoil.com\n \n \n or contact:\n \n \n \n \n \n \n Simon Oddie\n \n \n \n \n Europa Oil & Gas (Holdings) plc\n \n \n \n \n [email protected]\n \n \n \n \n \n \n Murray Johnson\n \n \n \n \n Europa Oil & Gas (Holdings) plc\n \n \n \n \n [email protected]\n \n \n \n \n \n \n William Holland\n \n \n \n \n Europa Oil & Gas (Holdings) plc\n \n \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n James Dance\n \n \n \n \n Strand Hanson Limited - Nominated & Financial Adviser\n \n \n \n \n +44 (0) 20 7409 3494\n \n \n \n \n \n \n James Spinney\n \n \n \n \n Strand Hanson Limited - Nominated & Financial Adviser\n \n \n \n \n +44 (0) 2...