Business
Wressle Update
Wressle Update.
About this update from Europa Oil & Gas (holdings) Plc
[{"type":"text","content":"\n\n \nEuropa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas\n \n18 October 2023\n \nEuropa Oil & Gas (Holdings) plc\n(\"Europa\" or the \"Company\")\n \nWressle Update\n \nEuropa Oil & Gas (Holdings) plc, the AIM traded UK and Ireland focused oil and gas exploration, development and production company, is pleased to announce that workover operations on the Wressle-1 well to install a downhole jet pump and recomplete the well have been successfully concluded. The workover rig has been demobilised from the Wressle site.\nA new surface Triplex pump has been purchased and has been installed and connected. The final stages of the surface facilities upgrades are nearing completion. The re-instatement of production operations at Wressle-1 well is currently expected during the week commencing 23 October 2023.\nEuropa holds a 30% economic interest in Wressle (PEDL180/182).\n \nWill Holland, Chief Executive Officer of Europa, said:\n \n\"Operations to install a jet pump at our core Wressle oilfield are progressing well, with production from the field expected to restart next week. We are pleased that the work has gone so smoothly and I look forward to updating the market on resumption of production\".\n \n* * ENDS * * \nFor further information, please visit www.europaoil.com or contact:\n\n\n\n\nWilliam Holland\n\n\nEuropa Oil & Gas (Holdings) plc\n\n\[email protected]\n\n\n\n\nJames Dance / James Spinney\n\n\nStrand Hanson Limited - Nominated & Financial Adviser\n\n\n+44 (0) 20 7409 3494\n\n\n\n\nPeter Krens\n\n\nTennyson Securities\n\n\n+44 (0) 20 7186 9033\n\n\n\n\nPatrick d'Ancona / Finlay Thomson / Kendall Hill\n\n\nVigo Consulting\n\n\n+ 44 (0) 20 7390 0230\n\n\n\n\n \nNotes to Editors\nEuropa Oil & Gas (Holdings) plc has a diversified portfolio of multi-stage hydrocarbon assets which includes production, development and exploration interests, in countries that are politically stable, have transparent licensing processes, and offer attractive terms. Average production for the 6-month period ending 31 January 2023 was 268 bopd. In April 2022, Europa farmed into P.2358, Block 13/23c (\"Serenity\") in the Outer Moray Firth area of the North Sea. The licence contains the 2019 Serenity oil discovery, in which Euro...