Europa raises funds to drill Kiln Lane prospect

Europa Oil & Gas has raised $4.7 million, which will enable the firm to drill its Kiln Lane prospect in the East Midlands, England.

Europa CEO Hugh Mackay said, “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 that Kiln Lane has gross mean unrisked resources of 2.9 million barrels of oil and, with a 50% interest and operatorship of the license, we hope to drill a well in the second half of 2014."

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...