Europa Oil & Gas shares rise as firm reveals major resource upgrade for Irish exploration venture
It comes as newly captured 3D seismic is incorporated, providing better insights into the already identified prospects
Company
LON:EOG
Europa Oil & Gas (Holdings) plc is an exploration and production company focused on developing its balanced portfolio of assets in the North Sea, Atlantic Ireland and West Africa, supported by revenue from onshore oil production in the UK.
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It comes as newly captured 3D seismic is incorporated, providing better insights into the already identified prospects
The UK's index of leading shares finished down around 54 points at 7,686 on Tuesday.
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It was another busy week for the market's oil and gas stocks.
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A glance at some of the day's highlights from the Proactive Investors newswire
Some of the main news-driven risers and fallers in London on Thursday afternoon...
Europa is focusing on lower risk gas prospects located in the vicinity of Ireland's Corrib gas field, and, it has now released what's now seen as less prospective acreage in the Altantic Margin
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News that the President will now not be meeting North Korea leader Kim Jong-un next month as planned is weighing on global stocks
A 'high priority' exploration area is being advanced offshore Ireland, production growth is still on the cards onshore UK, and the company recently said it was looking at potential new opportunities.
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A glance at some of the day's highlights from the Proactive Investors newswire
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A look at some of the biggest risers and fallers in London on Wednesday
Europa is actively looking at opportunities, meanwhile, the Irish portfolio continues to see desktop progress and the company awaits the advancement of onshore UK assets such as Wressle and Holmwood
The blue-chip benchmark closed up around three points at 7,034, with the big cap miners lagging
A glance at this week’s top stories from London’s junior oilers
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Wednesday
The explorer sees the potential for 2.5 trillion cubic feet of gas in an exploration area in the vicinity of Ireland’s largest gas field, and it now considers it to be the “flagship project”
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FTSE 100 closed down around six points at 7,132 but big cap miners were up
Proactive takes a look at the news from the small-cap oil and gas sector
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A glance at some of the day's highlights from the Proactive Investors newswire
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A look at some of today's top risers and fallers in London
"We are pleased to have reached this important stage in the environmental permitting process,” said Hugh Mackay, Europa chief executive
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The FTSE 100 extended the morning's losses toe end the day 47 points lower at 7,247
There was plenty of activity in the oil sector this past week, from both the small caps and the larger companies.
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A glance at some of the day's highlights from the Proactive Investors newswire
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Further down the food chain, Avacta, the company behind the Affirma technology - small, engineered proteins that are capable of binding specific molecular targets - got a lift from a research report by Capital Network.
The addition of Simon Oddie and Brian O’Cathain will “bring substantial and relevant experience of upstream exploration and production along with first class technical and commercial expertise.”
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Britain's blue-chip benchmark finished around 27 points lower at 7,615.
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Proactive takes a look at the news from the small cap oil and gas sector
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at some of the top risers and fallers in London today.
Operator Egdon Resources intends to make a fresh planning application to North Lincolnshire Council as it refuses to give up on Wressle oil field development.
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The FTSE 100 closed lower on Thursday as there was no clear direction across global equities
It was a shorter, quieter week but there were still highlights in the small cap oil and gas sector
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A glance at some of the day's highlights from the Proactive Investors newswire
Some of the main biggest risers and fallers in London on Friday
“The Joint Venture partners are considering in detail the reasons for the refusals as contained in the decision notice and will review the options available."
It was another quiet day in London but also another record close
It was another busy week London's oil and gas sector.
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A glance at some of the day's highlights from the Proactive Investors newswire
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Cancer Research UK was immensely impressed with the company and its technology
“The company agreed no fewer than seven transactions for the financial year ending 31 July 2017, all of which are in line with our strategy to advance our asset base towards value trigger events such as drilling"
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FTSE 100 closed down over 48 points at 7,448., while FTSE 250 shed over 55 to 20,006
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A glance at some of the day's highlights from the Proactive Investors newswire
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Cadence Minerals, which has a 9% stake in Bacanora, shot up 22% higher on good news from the latter; Bacanora rose 1.7%
Corrib is Ireland’s largest producing offshore gas field, with significant infrastructure to shore. The nearby area is being assessed for new discoveries
The FTSE 100 finally gave up and settled in the red, albeit slightly down ahead of BoE's monetary policy decision on Thursday
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A glance at some of the day's highlights from the Proactive Investors newswire
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By the time it has confirmed press speculation, the bid approach was a dead duck
Most of the £1.45mln deal value is tied to certain project milestones, with £1.3mln linked to production targets.
FTSE 100 closed over 38 points higher on the day to 7,338; FTSE 250 shares added over 81
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A glance at some of the day's highlights from the Proactive Investors newswire
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A look at some of the biggest risers and fallers in the London market today
Europa confirmed that will a resubmit a Traffic Management Plan to the council and that it intends to appeal to the planning inspectorate
The FTSE 100 managed to turn away from earlier losses to edge slightly higher at the close
Chief executive Hugh Mackay highlighted the oiler sees " so much activity on so many fronts in the months ahead".
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London today
Europa expects to see more progress with its exciting exploration assets offshore Ireland, meanwhile, Wressle and Holmwood present catalysts onshore UK
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Around 4pm, the UK blue chip index fell 14 points to 7,490 as the Bank of England's interest rate decision looms
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers today in London
The Holmwood project is targeting a conventional oil prospect but will also gather information on the Kimmeridge oil play in this location.
The FTSE 100 index closed down 19 at 7,523, as US stocks joined in a retreat by global markets today amid worries over the situation in Spain
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A glance at some of the day's highlights from the Proactive Investors newswire
Premier Oil, Providence Resources, UKOG, Europa Oil & Gas and 88 Energy were all among the oil and gas sector's top stories this week.
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A glance at some of the stories on the Proactive newswire today...
The exploration well will be drilled down to a depth of 2,100 metres, the target has been estimated in the order of 14mln barrels and the chance of success is set at 40%.
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Companies featured: Grand Group Investment, PV Crystalox Solar, Thor Mining, Falcon Media House, Game Digital, Proxama, Sports Direct International, Arian Silver Corp, Nu-Oil & Gas, Dart Group
UJO owns a 15% stake in Wressle, which would be due for production following exploration and testing success.
“The partners in the Licences believe the case for bringing Wressle into production is strong"
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Footsie was becalmed throughout the day, leaving the mid-cap FTSE 250 to claim the limelight
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From Telford to the Thames ... Michelmersh's bricks from its Blockleys plant in Telford will be used on one of London's most iconic structures
Europa's LO 16/19 is just one area to be covered in the multi-client 3D seismic exploration programme in the Atlantic Margin, off Ireland's west coast
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The top-shares index pushed on again in the afternoon session despite an indifferent showing on Wall Street
“We will now take forward our appeal against the original 11 January 2017 determination"
A look at the biggest risers and fallers among London-listed small cap stocks
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A look at the world of small cap oil and gas news last week
An earlier application was rejected. The current proposal has the backing of the local authority’s planning department.
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A glance at some of the the small cap news on the Proactive newswire today
A look at the biggest risers and fallers in London today
Europa has been given more time to mature its exploration inventory which is so far seen to have 'multi-billion barrel potential'.
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The FTSE 100 closed 60 points up at 7,523 as the government begins Brexit negotiations.
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A look at the world of small cap oll and gas news this week
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A glance at some of the headlines on the Proactive newswire today...
Risers and fallers: Greatland Gold moves into cobal, Mitie steadies the ship
Institutional and retail investors have gained exposure to an industry-leading licence position in Ireland's 'emerging exploration hotspot', says chief executive Hugh Mackay.
Around 8.45am, the UK blue chip index was about 24 points lower at 7,503, having gained around 1% on Friday after international stocks benefited from sterling’s falls
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A glance at the small cap stories on the Proactive newswire today...
A look at some of the biggest London-listed risers and fallers today
The AIM-listed explorer placed £2.1mln of shares at 6p per share with up to a further £1.5mln to come from an open offer.
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A look at the week in the small cap oil and gas sector