Business
Credit Facility
Credit Facility.
About this update from Europa Oil & Gas (holdings) Plc
[{"type":"text","content":"\n \n Europa Oil & Gas (Holdings) plc \n\n (`the Company' or `Europa') \n\n Credit Facility \n\nThe Directors of Europa Oil & Gas (Holdings) plc, the production and\nexploration company, are pleased to announce that the Royal Bank of Scotland\n(`RBS') has provided the Company with a credit facility of up to £2 million for\nproject work in the coming 12 months.\n\nPaul Barrett, Managing Director of Europa, said \"We are delighted with the\nsupport of RBS in providing this facility, which will be utilised on our\nplanned activity this year, predominantly on our UK onshore assets.\"\n\nSteve Mills, Senior Director, Oil & Gas at RBS, said \"We are pleased that\nEuropa has reached a level of maturity in its production portfolio to enable\nthe bank to provide this facility and we wish Europa every success in its 2007\ncapital programme. We believe granting this facility demonstrates RBS's\ncommitment to smaller E&P ventures in a sector dominated by much larger\ntransactions.\"\n\nAbout Europa Oil & Gas (Holdings) plc\n\nEuropa Oil & Gas (Holdings) plc focuses on the production and exploration of\nhydrocarbons in Europe and North Africa. Europa currently produces 600 barrels\nof oil equivalent per day from its operations in the UK, Romania and the\nUkraine. Operating a balanced portfolio, Europa also has field appraisal and\nexploration activity on a number of projects in the UK and Romania and a strong\nnew ventures programme across Europe and the North African region.\n\nFor more information please visit www.europaoil.com\n\nFor further information, contact:\n\nPaul Barrett, Managing Director, Europa Oil & Gas +33 5 63 33 18 97\n\nJonathan Wright or Parimal Kumar, Seymour Pierce +44 20 7107 8000\n ","length":1879,"tagName":"div"}]