Europa Oil & Gas, the company behind plans for lower-volume fracking at Burniston, in North Yorkshire, has indefinitely adjourned its general meeting planned for the end of this month and announced a new one.

A statement from the company said there would be a new general meeting on 3 March 2026 for shareholders to vote on a share placing and expanded retail offer.

In a previous statement, reported by DrillOrDrop, Europa warned it could go out of business if shareholders did not approve a £3.5m fundraising.

That money would be used to drill a well in Equatorial Guinea and for the company’s “ongoing working capital needs”. The fundraising will go ahead at the new meeting.

A previous retail offer to raise £350,000, has been expanded to £641,177.

The new meeting is at 11am at the offices of Tennyson Securities, Second Floor, 26 Caxton Street, London, SW1 0RJ.