Europa Oil & Gas (Holdings) plc, is the holding company for Europa Oil & Gas Limited and its subsidiaries. Europa Oil & Gas Limited was incorporated in 1995 by Paul Barrett and Erika Syba. It secured its first licence in the Polish Carpathian Oil & Gas Region in 1995. Between 1995 and 1999, Europa acquired two exploration licences in the Romanian Carpathian Oil & Gas Region and a pilot production licence for the Horodok Gasfield in the Ukrainian Carpathian Oil & Gas Region.
In 1999, Europa drilled its first well, a successful gas producer on the Horodok Field. Consequently, Europa successfully commissioned the gas gathering facilities and tied four wells into these facilities. The Horodok Field was brought onstream by Europa in September 2002.
In 2001, the company initiated a UK New Ventures programme and drilled its first UK well in 2002, the highly successful Whisby- 4 well. This well was drilled on the under-developed Whisby Field, in the onshore East Midlands Petroleum Province. The well has subsequently out-performed all previous wells on the field.
In 2002, Europa secured 3 further exploration blocks in Romania and has been involved in a fast track exploration programme on one of these blocks, the Brodina Block, which led to the drilling of the Bilca gas discovery in May 2004.
The West Firsby Oilfield, also located in the UK onshore East Midlands Petroleum Province, was purchased in 2003 and the company drilled a successful stepout development well in January 2004.
The UK continued to be the focus of the company with the award in 2004 of acreage adjacent to the East Midlands Whisby Field and it's first southern England onshore acreage in the Weald Basin, Block TQ14, which contains what the Directors believe is one of the best undrilled prospect in the UK onshore.
In November 2004, Europa Oil & Gas (Holdings) plc, the holding company for the Europa companies, was admitted to the Alternative Investment Market of the London Stock Exchange and successfully raised £5 million, through a placing of 20,000,000 shares, together with 10,000,000 warrants, at a price of 25p. These warrants expired in November 2007.
Since admission to AIM, the Company has acquired interests in several further projects: oil production in the UK at Crosby Warren and exploration rights in France and North Africa. Recently, Europa was awarded two blocks in the East Irish Sea in the UK 23rd Licensing Round.