20th Jul 2020 20:44
Europa Oil & Gas Holdings PLC - UK, Ireland and Morocco-focused oil and gas explorer - Finance Director Phil Greenhalgh is to step down from the board on October 14. Europa does not plan on replacing Greenhalgh but will instead divide his responsibilities among existing board members. Company has also asked Executive Chair Simon Oddie to continue as interim chief executive officer for at least a further six months. Adds that Wressle field in North Lincolnshire on track for first oil in the second half of 2020. Estimated breakeven oil price at the asset is USD17.6 per barrel.
Current stock price: 1.07 pence
Year-to-date change: down 60%
By Eric Cunha; [email protected]
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