Europa Oil & Gas, the AIM-listed oil and gas exploration and development company, has reported a significant improvement in UK production and revenues generated during the six month period ending January 31st.
The firm achieved a 61% increase in the first half revenues to £2.4m compared with £1.5m in the same period in the previous year, resulting from a 23% increase in volume to 187 barrels of oil per day (bopd) and a 39% increase in oil price to $108.9 per barrel.
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