Capex Data
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Future Plans
Europa is set to embark on a strong drilling programme in Romania in 2007 and spudded the first well of this campaign, Radauti East-1, on 17 April 2007. The Romanian programme consists of three further exploration wells and the drilling of the Costisa-2 well. In the UK, Europa has lodged a planning application for an exploration well at Holmwood in the Weald Basin of southern England. In the East Midlands, a seismic programme has been completed in the PEDL150 licence, where a further exploration well is anticipated to follow.
In addition to the Company's strong exploration acreage portfolio that has been developed over the years, the UK government has recently awarded Europa a further licence in the East Irish Sea, where a large drillable prospect has been identified.
Europa currently has production from four fields and has ambitious drilling plans for 2007, including a full re-appraisal of the Costisa-1 well. With 5 new exploration wells planned in Romania alone in 2007, the company are confident that Europa's historical record in exploration success will continue.