- Europa Oil & Gas (Holdings) Plc (AIM: EOG), has been awarded a new Exploration Permit, covering an area of 11,228 sqkm in the Agadir Basin, offshore Morocco.
- The 8-year licence covers the large, under-explored area of the Basin and lies in water depths of between 600 and 2,000m.
- The company’s focus is on the Lower Cretaceous fan sand play, a prolific producer in West Africa.
- On 18th September 2019, at the time of writing, GMT 08:05 AM, EOG shares were trading at GBX 2.45, up by 0.05 points or 2.08% against the previous day closing price.
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