Europa Oil & Gas (Holdings) plc, updates shareholders with respect to its FEL 2/13 and FEL 3/13 licences in the South Porcupine Basin, offshore Ireland.
Europa has now received a new prospect inventory from the operator of the licences, Kosmos Energy Ltd ('Kosmos'). The inventory is based on state of the art 3D seismic acquired in 2013 and includes the identification of a number of new, large prospects and leads on both licences.
As a result, material changes have been made to the prospectivity previously mapped on the licences using historic 2D seismic data. Europa is currently preparing relevant data to initiate work on a Competent Persons Report for completion in H1 2015.