Skip to main content
The Markets by Proactive
Go to Proactive Australia

Archive

Europa Oil & Gas CEO Simon Oddie cheers 'rip-roaring' half thanks to Wressle success

Europa Oil & Gas CEO Simon Oddie cheers 'rip-roaring' half thanks to Wressle success

It’s been a rip-roaring time for Europa Oil & Gas, so says chief executive Simon Oddie.

The Europa boss caught up with Katie in the Proactive studio following this morning’s half year results which framed a business that’s going from strength to strength thanks to a better than expected operating performance at the Wressle field, onshore UK, and a soaring crude oil price.

Oddie highlights that it was an “outstanding performance” in which revenues quadrupled versus the prior six months and represented the small-cap oiler’s first profit since 2014.

In the interview, Oddie also discusses Europa’s larger offshore opportunities which now also includes the Serenity project in the North Sea – following a farm-in agreement last month.