Business
Operations Update - East Midlands
Operations Update - East Midlands.
About this update from Europa Oil & Gas (holdings) Plc
[{"type":"text","content":"\n \nCommencement of Production Enhancement Projects\n\nThe Directors of Europa Oil & Gas (Holdings) plc are pleased to announce the\ncommencement of the production enhancement projects at both West Firsby and\nCrosby Warren Oilfields in the East Midlands, UK Onshore. It is expected that,\nupon completion of these programmes, production from the two sites will be\nincreased to approximately 250-300 bopd, taking Europa's total production to\npotentially in excess of 350bopd.\n\nEuropa has engaged Hull-based OSL Consulting Ltd. to design and modify the West\nFirsby site to handle the higher production volumes. OSL have recently\ninitiated these improvements and have indicated a 10 week timescale for\ncompletion. In parallel with the site improvement work, the WF6 well is\nscheduled to be back on production in several weeks.\n\nIn addition, the Crosby Warren Oilfield site has recently undergone a major\nsite renovation. The site comprises two production wells, one of which (CW1) is\ncurrently being fitted with a larger beam pump which is expected to increase\nproduction volumes. Stratagen, specialist well stimulation consultants, have\nbegun work on the CW2 well which has been shut-in since last year due to a\ncombination of well completion configuration and low deliverability. The CW1\nwell reacted extremely well to a hydraulic frac treatment and upon finalizing\nthe frac design by Stratagen, it is anticipated the CW2 well can be fracced in\nNovember.\n\n.\nManaging Director, Paul Barrett, said \"We are determined to increase production\nand the recent placing of shares has allowed us to begin the production\nenhancements programmes earlier than scheduled. We are confident that this is a\nwise use of the placement funds, as these projects go straight to the bottom\nline with rapid payback. This will ensure that we can continue to drill wells,\nincrease reserves and enhance shareholder value in 2010.\"\n\n\nFor further information, please contact;\n\nPaul Barrett Europa Oil & Gas (Holdings) plc 01235 553 266\nJonathan Wright Seymour Pierce 0207 107 8050\n\nThe technical information and opinions contained in this announcement have been\nreviewed by Dr. Erika Syba, Europa's Operations Director, who has 25 years of\nexperience in the oil exploration and production industry. She has consented to\nthe inclusion herein of such te...