It follows the nominal £1 acquisition by Europa of British player Shale Petroleum, which holds a 16.665% interest in East Midlands licence PEDL299 that hosts the Hardstoft oilfield, discovered in 1919 with the UK’s first-ever exploration well.
London-listed Europa said in a statement the interest had now been reassigned on a 50:50 basis between itself and Upland Resources to give them each 25% stakes in the licence, operated by Ineos with 50%.
“Once
