(via NewsDirect)
Holland acknowledges that the return to production took longer than he'd hoped, attributing the delay in part to long lead items. He emphasises that the well's output surpassed expectations during a six-hour average rate and reached even higher peaks. As the well stabilises, Holland assures that production details will be forthcoming.
Additionally, he says that Europa is seeking an extension of its license for the
Holland has presented this to Irish regulators and remains confident in obtaining the extension. Addressing the oil and gas sector's downturn and Europa's share price not reflecting recent successes, Holland argues for responsible investment in the industry, citing global consumption and Europa's commitment to being a responsible hydrocarbon custodian. He suggests a shift in investor sentiment as some recognise the need for balanced ESG strategies and begin reinvesting in upstream sectors.
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