Business
Interim Results
Europa Oil & Gas (Holdings) PLC announced its interim results for the eleven-month period ended 30 June 2025, with revenue of £2.6 million compared to £3.2 million for the same period in 2024. The company reported a gross profit of £0.4 million, up from £0.2 million. The pre-tax loss significantly decreased to £1.2 million from £6.6 million. Net cash used in operating activities was £0.1 million, a reduction from £0.4 million. The cash balance stood at £0.9 million, down from £1.5 million. Europa received an upfront payment of US$500,000 through a Revenue Swap Agreement. A gain of £170,000 resulted from the termination of the Whisby 4 net profits agreement. Administrative expenses were £1.3 million. Disclaimer*
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 \n15 September 2025\n \nEuropa Oil & Gas (Holdings) plc\n(\"Europa\" or the \"Company\")\n \nInterim Results\n \nEuropa Oil & Gas (Holdings) plc, the AIM quoted UK, Ireland and West Africa focused oil and gas exploration, development and production company, announces its unaudited interim results for the eleven-month period ended 30 June 2025.\n \nFinancial Performance\n \n• Revenue £2.6 million (11 months to 30 June 2024: £3.2 million)\n• Gross profit £0.4 million (11 months to 30 June 2024: £0.2 million)\n• Pre-tax loss of £1.2 million (11 months to 30 June 2024: pre-tax loss £6.6 million)\n• Net cash used in operating activities £0.1 million (11 months to 30 June 2024: £0.4 million)\n• Cash balance at 30 June 2025: £0.9 million (31 July 2024: £1.5 million)\n \nOperational Highlights\n \nEquatorial Guinea\n \n· In Q4 2024, the Company, through its 42.9% stake in Antler Global (\"Antler\"), launched a farmout process for its EG-08 asset, which holds an internally estimated 2.2 TCF Pmean of gross prospective resources.\n· The EG-08 licence is highly prospective, with three drill-ready prospects which contain an estimated Mean Prospective resource of 1.48 TCF of gas equivalent. A further six leads and prospects contribute an estimated 0.72 TCF, bringing the total mean prospective resource to 2.2 TCF of gas equivalent. The chance of success is high (estimated at 80% for Barracuda), due to direct hydrocarbon indications on the seismic.\n· Post period end in August 2025, the Company announced that Antler had entered detailed commercial discussions and signed a non-binding Heads of Terms with a major energy company regarding the farm-out of an interest in the EG-08 production sharing contract (PSC). Although there are no guarantees that discussions will conclude successfully, Europa has...