Pitch Your Prospect: Europa Oil & Gas plc
Europa Oil & Gas (Holdings) plc, an AIM listed company, with prospects in two licences, FEL 2/13 and FEL 3/13 in the Porcupine Basin offshore Ireland, is seeking farmin partners.
The primary prospects are stratigraphic plays of Early Cretaceous turbidite sandstone reservoirs, charged by Late Jurassic and Early Cretaceous sources and with elements of structural closure. The Cretaceous play is undrilled in the Porcupine and is analogous to the equatorial Atlantic Margin province of Jubilee and Mahogany fields.
2,565 km2 of 3D seismic was shot over FEL 2/13 and 3/13. Final processed data delivered in Q2 2014 revealed a prospect inventory by Q4 2014 from the operator Kosmos. Europa independently mapped prospects over the licenses for a CPR by ERC Equipoise on volumes and risks on FEL 3/13 only. A summary is tabulated below with gross mean un-risked Prospective Resources of 1.5 billion boe across the three prospects of Beckett, Wilde and Shaw and gross mean risked Prospective Resources of 235 million boe. Detailed work in preparation for the CPR by Europa has identified a prospect and shotpoint location for a play-opening first well in FEL 3/13.
Meet Europa Oil & Gas plc on Booth 67 at PROSPEX, Business Design Centre, 9-10 December 2015
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