British Firm "Europa Oil & Gas" Negotiates Offshore Exploration Permit in Morocco

"Europa Oil & Gas" is in full negotiation with the National Office of Hydrocarbons and Mines (ONHYM) to obtain the "Offshore" Exploration Permit off Morocco.

On its Twitter account, the company indicated that it had informed its shareholders by mail of the progress of the project in Morocco.

For the company, this negotiation represents the third step towards obtaining its portfolio of licenses.

It announces that it will soon be able to provide the bank guarantee required by the Moroccan authorities, pending the opening of its branch and a bank account in Morocco. In addition, no details have leaked on the precise location of the exploration operation.