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Europa shares drop 16% on news of £3.5m fundraising and going concern warning

Summary by DRILL OR DROP?
The company behind plans for lower-volume fracking in Burniston, North Yorkshire, warned today it could go out of business if shareholders did not approve a £3.5m fundraising later this month. Europa Oil & Gas shares fall on 10 February 2026 on news of fundraising Europa Oil & Gas said if the placing were rejected, the company could face uncertainty about its future as a going concern and lose the EG-08 licence in Equatorial Guinea. Shares in t…
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DRILL OR DROP? broke the news in on Tuesday, February 10, 2026.
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