Europa Oil&Gas (Holdings) is pleased to note the announcement of Egdon Resources ('Egdon') confirming free flowing oil production rates equivalent to up to 182 barrels of oil per day ('bopd'), along with 456 thousand cubic feet ('mcf') of gas per day, following testing operations on the Wingfield Flags reservoir at the Wressle-1 oil discovery ('Wressle') on Licence PEDL 180 in East Lincolnshire ('PEDL 180').

The Wingfield Flags is the second of three potentially hydrocarbon bearing zones to be tested at Wressle, the first of which, Ashover Grit, tested 80 bopd and 47mcf of gas per day, as announced on 9 February 2015. Europa has a 33.3% working interest in PEDL 180, alongside Egdon (operator, 25%), Celtique Energie Petroleum Ltd (33.3%), Union Jack Oil (8.3%).

•An interval of 3 metres was perforated at a measured depth of between 1,937 to 1,940 metres •Following an initial 'clean-up' oil and gas flow, two flow tests using different choke sizes to attempt to optimise oil flow rates were successfully executed on the Wingfield Flags reservoir - from what proved to be a high Gas Oil Ratio oil during the clean up period

Tags: Europa Oil & Gas (Holdings) plc