Europa Oil & Gas (Holdings) PLC (AIM:EOG) chief executive William Holland takes Proactiv'es Stephen Gunnion through the company's financial and operation results for the year to July 31, 21023, which he said revealed significant progress.
Despite a lower oil price and a weaker pound, the company reported steady revenue from operating activities of $6.7 million, supported by increased production from its flagship asset, the Wressle oilfield.
Holland also discussed the company's offshore operations in Ireland and progress with the Serenity discovery in the North Sea.
