Europa advances seismic on Irish licenses

Europa Oil & Gas (Holdings) PLC will advance seismic work for three licenses in the South Porcupine basin offshore Ireland after receiving approval to adjust the terms.

The Irish government approved 2-year extensions to July 4, 2019, for Frontier Exploration Licenses (FELs) 2/13 and 3/12 and conversion of Licensing Option 16/2 to FEL 1/17.

Europa holds 100% interests in all three licenses.

It has begun reprocessing 3D seismic data acquired in 2013 with prestack depth migration on FELs 3/13 and 1/17 and preparing to perform similar work on FEL 2/13.

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