Europa Identifies 3 New Prospects Off Ireland
resources of 895 million barrels of oil equivalent (‘boe’). As announced on 12 February 2016, Europa was awarded a 100% interest in LO 16/2 as part of Phase 1 of the 2015 Atlantic Ireland Licensing Round. * Europa has received written confirmation from the Department of Communications, Energy and Natural Resources (‘DECNR’), that it has been awarded a 100% interest in LO 16/2 for a period of two years effective from 1 March 2016 * LO 16/2 comprises Blocks 54/3 and 54/8 and covers approximately 522 km2 of ground which adjoins the eastern
Europa Wins Licensing Option in offshore Ireland
focused on Europe, announced that it has been awarded a new Licensing Option (the ‘LO’) in the southern Porcupine Basin, offshore Ireland, as part of phase 1 of the 2015 Atlantic Ireland round. This follows the announcement on 11 February 2015 by the Minister of State at the Department of Communications, Energy and Natural Resources (‘DECNR’), Mr. Joe McHugh. The Company understands it will shortly be issued with a formal letter of award from DECNR, at which point Europa will confirm its acceptance of the LO. Once all the awards have been accepted Europa&rsq
Celtic Sea Portfolio Update
environment, the Celtic Sea is very important to Fastnet and we see the potential to deliver significant shareholder value through developing this portfolio and attracting partners to pursue exploration activities." Award of New Licensing Option The Company has been notified by the Irish Department of Communications, Energy and Natural Resources (the "Department") that it has been awarded licensing option 15/1 covering blocks 55/13 and part blocks 55/7, 55/8, 55/12, 55/17, 55/18 and 55/19 in the North Celtic Sea Basin. The newly named Ventry Licensing Option is valid from 1 March
February 2024
