Kosmos Energy Ireland Ltd (Kosmos) is operator and holder of an 85% interest in both licenses with Europa holding the remaining 15%
Processing of the newly acquired seismic data has already commenced and delivery of the processed data is expected in Q1 2014.
This state of the art dataset should enable detailed prospect mapping with the intention of significantly de-risking the previously identified prospectivity on both licenses.
Subject to the results of the interpretation of the data, the partnership should have sufficient technical and commercial information to make a drilling decision during the second half of 2014.
If a positive drilling decision is taken, Europa anticipates that drill planning would then commence with the likely timing for drilling a well being 2015/16.
Europa Oil & Gas CEO Hugh Mackay said, "The 3-D seismic commitment of 740 sq km on each licence has been fulfilled within just four and a half months of the start date of FEL."
