Europa Makes Steady Progress
Europa Oil & Gas reported Tuesday that its UK production for the first six months of its financial year was in line with management expectations at an average volume of 177 barrels of oil equivalent per day (boepd) .
Europa currently has three producing assets onshore in the East Midlands region of the UK. It has a 100-percent working interest in the West Firsby and Crosby Warren fields as well as a 65-percent working interest in the Whisby 4 well. During the period workovers were successfully completed on two West Firsby wells, and both wells are now back on production, said the firm.
Europa added that the company is on target to deliver its full-year average production target of 180 boepd.
Europa CEO Hugh Mackay commented in a statement:
"I am highly encouraged by the continuing good performance of our producing UK assets which has generated revenues of GBP 2.2 million ($3.4 million) in the first half of this year. The back to back workovers on the two West Firsby wells were potentially disruptive and I commend our operations team for their efforts, dedication and professionalism in completing the work efficiently."
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