Europa Raises Funds Ahead of Kiln Lane Drill

Europa Oil & Gas, the junior explorer focused on the UK, France and Ireland, reported Thursday that it has raised approximately $4.7 million in a share placing to help it progress a number of projects. The funds will enable the firm to drill its Kiln Lane prospect in the East Midlands, England.

Europa CEO Hugh Mackay commented in a company statement:

"We look forward to applying the proceeds of the Placing towards progressing our balanced portfolio of assets. In particular, this will allow us to drill the Kiln Lane prospect on PEDL-181 which is located in a working hydrocarbon system where a number of discoveries have been made in adjacent licenses.

"We estimate Kiln Lane has gross mean un-risked resources of 2.9 million barrels of oil and with a 50-percent interest and operatorship of the licence, and we hope to drill a well in H2 2014."

Have a news tip? Share it with Rigzone!


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at
 -  Aker Solutions to Buy Brazilian C.S.E (Oct 21)
 -  Sea Trucks Group Secures Work Offshore... (Oct 21)
 -  Shell Divests Non-Core Oil, Gas Proper... (Oct 21)
 -  Petrofac Appoints New CFO (Oct 21)
 -  Wheatstone LNG Development Start-Up in... (Oct 20)

Most Popular Articles

From the Career Center
Jobs that may interest you
Field Maintenance Controls Technician
Expertise: Maintenance Technician|Rig Mechanic
Location: Eighty Four, PA
Maintenance Supervisor - Drilling
Expertise: Maintenance Manager|Rig Mechanic
Location: Eighty Four, PA
Project Control Specialist
Expertise: Project Controls
Location: Houston, TX
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours