TPI provides its latest research note on Europa Oil & Gas (Holdings) plc (EOG.L).

The Wressle oil field, in which Europa holds a 30% working interest, has achieved flow rates in excess of 950 boepd from the primary Ashover Grit reservoir.

This has been attained on a restricted choke setting and no formation water has been produced as the well continues to clean up. This is very positive news for the company given that the reported flow rate exceeds initially forecasted rates by a substantial margin and further operations to increase gas handling capacity could increase hydrocarbon flow rates further still.

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