Europa Oil & Gas (Holdings) PLC's Hugh Mackay tells Proactive that the company has elected to relinquish its LO16/21 license off the west coast of Ireland to focus on the LO16/20 gas prospects at Inishkea.
Mackay adds that shift in focus is toward a lower risk play, with an exploration well having a target spud date of 1 June 2019.
Europa is also "punching above its weight" in the region, standing equal to other regional players such as Exxon Mobil and StatOil, Mackay says.
