Europa reports £1.5m revenue and £0.8m pre-tax loss
It raised £4.1m in March and holds £2.8m cash, with Barracuda drilling now targeted for the first half of 2027.
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Upstream oil and gas exploration and production company
europaoil.comLast updated
In short: Europa appealed the refusal of planning permission for its Cloughton gas appraisal well.
It raised £4.1m in March and holds £2.8m cash, with Barracuda drilling now targeted for the first half of 2027.
Revenue rose to £3.9m from £3.6m, while cash fell to £0.3m; it signed a farm-out with Fuhai for EG-08 and raised £4.1m after period-end.
Gross profit rose to £0.4 million and cash fell to £0.9 million, as it progresses EG-08 farmout talks and the Cloughton appraisal.
Net production rose to 116 bopd and cash fell to £1.0m; Bo Krøll became chairman.
Europa Oil & Gas is appealing to the government over the denial of planning authorization for the Cloughton gas appraisal well onshore the United Kingdom.
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