Business
Crosby Warren Oilfield Acquisition
Crosby Warren Oilfield Acquisition.
About this update from Europa Oil & Gas (holdings) Plc
[{"type":"text","content":"\n \nDate: 1st December 2006\n\n Europa Oil & Gas (Holdings) \n\n Crosby Warren Oilfield Acquisition \n\nEuropa Oil & Gas, the AIM-listed production and exploration company (AIM: EOG)\nis pleased to announce that the acquisition of the Crosby Warren oil field\nlocated in the East Midlands Oil & Gas Province was completed on the 30th\nNovember 2006.\n\nThe acquisition has been undertaken with the support of The Royal Bank of\nScotland plc (RBS) which has provided a loan for the majority of the purchase\nconsideration.\n\nPaul Barrett, Managing Director, said `We are pleased to announce the\nsuccessful acquisition of the Crosby Warren oil field which in conjunction with\nexisting production in the UK, Romania and the Ukraine will add significantly\nto achieving our near term production target of 1,000 barrels of oil equivalent\nper day. The support of RBS is greatly appreciated and provides additional\nfinancial capability in executing our business plan.'\n\n--- End ---\n\nEuropa 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 over 500\nbarrels of oil equivalent per day from its operations in the UK, Romania and\nthe Ukraine. Operating a balanced portfolio, Europa also has field appraisal\nand exploration activity on a number of projects in the UK and Romania and a\nstrong new ventures programme across Europe and the North African region.\n\nFor more information please visit www.europaoil.com\n\nContact Information:\n\nPaul Barrett, Managing Director, Europa Oil & Gas (Holdings) plc +33 5 63 33 18 97\n\nEwen Ainsworth Finance Director +44 20 8924 7227 \n\nJonathan Wright / Parimal Kumar, Seymour Pierce Limited +44 20 7107 8000\n\nDerek Busby, The Royal Bank of Scotland, Corporate Banking, +44 1224 289359\nAberdeen\n\nJade Mamarbachi, GTH Media Relations +44 20 7153 8035\n ","length":2038,"tagName":"div"}]