Europa Oil & Gas, the company behind rejected plans for lower-volume fracking at Burniston in North Yorkshire, is also pursuing developments at three other sites onshore in the UK, it revealed today.

In company accounts, Europa predicted the sites – at Burniston and three in production in the midlands – would generate “a stable revenue base”.

Europa, which also has interests in Equatorial Guinea and offshore Ireland, is considering an appeal against last month’s refusal of its plans at Burniston (also known as Cloughton).

The company said:

“Europa is now assessing its options with a view to appealing the decision and is confident that on appeal the planning permission will be approved”.

It also confirmed it was still seeking a farm-in partner to carry out work at Burniston.

Bo Kroll, who became Europa’s executive chairman in February 2025, said:

“we are pursuing parallel workstreams across Wressle, Cloughton [Burniston], Crosby Warren and West Firsby, each offering meaningful value creation and collectively providing a stable revenue base from which to pursue the development of our wider portfolio.”

He also said:

“Our onshore UK portfolio continues to deliver steady operational progress across each of our producing and development assets and underpins our efforts to advance the development of our other high-potential assets.

“We also see significant opportunities for growth in our onshore UK assets, with the current macroeconomic climate emphasising the importance of reliable, domestic energy supplies.”

At Wressle, in North Lincolnshire, where Europa has a 30% stake, there are plans for two new wells, lower-volume fracking, a gas pipeline and 15 years of production. A climate impact assessment of the plans has been published online.

The accounts said production at Wressle generated an average of 84 barrels of oil per day (bopd) for Europa, from a total average of 281 barrels per day.

At Crosby Warren, also in North Lincolnshire, Europa announced last year it was looking to “optimise production”. The company, which has a 100% stake in the oil field, said Crosby Warren’s existing production could be “significantly increased through a simple workover programme that is currently being considered”.

The fourth site, at West Firsby, in Lincolnshire, has seen an extension of the licence, DL003, for another five years.

Today’s accounts said:

“This extension provides operational continuity and the long-term framework within which to optimise and maximise the value of this producing field.”

Revenue

The accounts also gave details of Europa’s revenue by site:

• Wressle £2,412,000
• Crosby Warren: £923,000
• West Firsby: £346,000
• Whisby: £15,000

Accounting period

The accounts covered 17 months from 1 August 2024 to 31 December 2025. This followed a decision to move the end of year date from 31 July to 31 December.

Since the end of the new accounting period, Europa raised £4.1m, of which £3.5m was through the placing of new ordinary shares to institutional investors. The money would be spent on drilling Barracuda prospect in Equatorial Guinea and for general working capital, the accounts said.

Key figures for 17 months to 31 December 2025

Revenue: £3.9m, of which £3.566m was from the UK. (12 months to 31 July 2024: £3.6m)

Cost of sales: £3.293m, all from UK operations. (12 months to 31 July 2024: £3.117m)

Impairment of producing fields: £323,000 (12 months to 31 July 2024: £189,000

Gross profit: £0.3m (12 months to 31 July 2024: £0.3m)

Admin expenses: £2.4m (12 months to 31 July 2024: £1.9m)

Pre-tax loss: £2.7m (12 months to 31 July 2024: £6.8m)

Loss for the period: £2.737m (12 months to 31 July 2024: £6.781m)

Total comprehensive loss for the period: £2.842m (12 months to 31 July 2024: £6.798m)

Total assets: £7.545m, of which £2.68m are for UK assets.(12 months to 31 July 2024: £9.779)

Total liabilities: £6.422m, of which all are for UK operations. (12 months to 31 July 2024: £6m),

Net assets: £1.123m (12 months to 31 July 2024: £3.779m)

Cash balance at 31 December 2025: £0.3m (31 July 2024: £1.5m)

Total directors’ payments: £1.024m, of which £675,000 was for William Holland, the chief executive

Staff costs: £1.853m (12 months to 31 July 2024: £1.149m)