Europa Oil and Gas is actively farming out interest in Frontier Exploration Licence (FEL) 1/17 and FEL 3/13, located in the South Porcupine basin, which are estimated to hold gross mean un-risked resources of 3.9 Bboe. In April 2019, Europa announced negotiations were ongoing regarding the farm-in agreements with a major oil and gas company concerning licences LO 16/20, FEL 1/17 and FEL 3/13. However, on 23 January 2020 Europa announced that negotiations with the major have fallen through but the company is still undertaking discussions with several other parties. On 15 April 2020 Europa declared its' intention to merge licences FEL 1/17 and FEL 3/13 and was waiting on official approval. In the case of this application being refused FEL 3/13 will be relinquished.  Europa has interpreted seven prospects in FEL 1/17 and 3/13 through the results of reprocessed PSDM 3D seismic data, originally acquired in 2013. FEL 1/17 contains one syn-rift and three pre-rift prospects, Egerton (167 MMboe), Ervine (192 MMboe), Edgeworth (225 MMboe) and PR3 (345 MMboe) respectively. Europa announced it has increased its resource estimates in FEL 3/13 from 1.5 to 2.9 Bboe in June 2018. The updated prospect inventory contains Beckett (1,719 MMboe), Shaw (747 MMboe) and Wilde (462 MMboe). Beckett and Shaw were previously described as âsingle cycle eventsâ but are now interpreted as a fan sequence comprising of multiple fan cycles (250 â 325 m gross).  Interest in FEL1/17 and FEL 3/13 is held by Europa Oil and Gas (Holdings) plc 100%.  For further information regarding the Farm-out opportunity please contact:  Murray Johnson  Email: murray.johnson@europaoil.com
Europa Oil & Gas (Holdings) plc FEL 1/17 & 3/13 (Edgeworth & Wilde) - Farm-in opportunity