Europa Oil and Gas is actively farming out interest in Frontier Exploration Licence (FEL) 1/17, FEL 2/13 and FEL 3/13 which are estimated to hold gross mean un-risked resources of 4.3 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 & 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 a number of other parties. On 12 August 2019 the company was awarded a 12 month extension to FEL 2/13 until 4 July 2020.  Europa has interpreted nine prospects in FEL 1/17, 2/13 and 3/13 through the results of reprocessed PSDM 3D seismic data, originally acquired in 2013. FEL 1/17 contains one syn-rift and two pre-rift prospects, Egerton (167 MMboe), Ervine (192 MMboe) and Edgeworth (225 MMboe) respectively. FEL 2/13 contains two pre-rift prospects Kiely East (280 MMboe) and Keily West (225 MMboe) with one Cretaceous prospect named Kilroy (312 MMboe). 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 (1719 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, FEL 2/13 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 and Gas is actively farming out interest in Frontier Exploration Licence (FEL) 1/17, FEL 2/13 and FEL 3/13 which are estimated to hold gross mean un-risked resources of 4.3 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 & FEL 3/13. 