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Europa Oil & Gas shifts focus to Inishkea gas prospects

Europa Oil & Gas (Holdings) PLC's (LON:EOG) Hugh Mackay tells Proactive that the company has elected to relinquish its LO16/21 license off the west coast of Ireland to focus on the LO16/20 gas prospects at Inishkea.

Mackay adds that shift in focus is toward a lower risk play, with an exploration well having a target spud date of 1 June 2019.

Europa is also "punching above its weight" in the region, standing equal to other regional players such as Exxon Mobil and StatOil, Mackay says.

 

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