Europa finds prospects off west coast

London-based exploration company Europa Oil & Gas has said that it has identified two large, previously unknown, prospects off the west coast of Ireland.

The AIM-listed oil and gas exploration, development, and production company made the announcement yesterday as part of a technical update of its two licensing options located in the South Porcupine Basin in the Irish Atlantic Margin off the west coast.

The two licences, which the British company was awarded as part of the Irish Atlantic Margin Licensing round in November, cover an area of nearly 2,000km.