Europa Oil & Gas (Holdings) plc (AIM:EOG) acquired 42.9% stake in Antler Global Limited for $3 million on December 21, 2023. The transaction also includes the acquisition of a 80% working interest in the EG-08 production sharing contract ("PSC"), offshore Equatorial Guinea. Under the terms of the Subscription, Europa shall pay to Antler aggregate consideration of $3 million, payable in four instalments, with the first being shortly following entering into the Subscription agreement and the final in October 2024. Strand Hanson Limited acted as financial advisor to Europa Oil & Gas.

Europa Oil & Gas (Holdings) plc (AIM:EOG) completed the acquisition of 42.9% stake in Antler Global Limited on December 21, 2023.