Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas
21 May 2025
Europa Oil & Gas (Holdings) plc
("Europa" or the "Company")
Revenue Swap Agreement
Europa Oil & Gas (Holdings) plc, the AIM quoted West Africa, UK and Ireland focused oil and gas exploration, development and production company, is pleased to announce that it has entered into a Revenue Swap Agreement ("RSA") with a Canadian investment company (the "Investor"), whereby Europa will pay an amount equating to 4.5% of the gross revenues resulting from the oil production of the Wressle 1 well to the Investor in consideration for US$500,000, which is paid upfront. The RSA is unsecured and the payments are payable with effect from 1 May 2025. A further announcement will be made upon receipt of the consideration.
William Holland, Chief Executive Officer of Europa, said:
"I am pleased that we have concluded this pre-payment of a small proportion of our Wressle production. It brings forward a small part of our cashflows from the Wressle 1 well and is a financing method that is non-dilutive to our shareholders and will not impact our ability to secure project financing for the Wressle development, which will help unlock the substantial undeveloped resources and upside at Wressle."
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For further information, please visit www.europaoil.com or contact:
| William Holland
| Europa Oil & Gas (Holdings) plc | mail@europaoil.com |
| Samantha Harrison / Ciara Donnelly / Elliot Peters
| Grant Thornton UK LLP - Nominated Adviser | +44 (0) 20 7383 5100 |
| Peter Krens
| Tennyson Securities | +44 (0) 20 7186 9033 |
| Patrick d'Ancona / Finlay Thomson / Kendall Hill / Anna Stacey | Vigo Consulting | +44 (0) 20 7390 0230 |
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