Europa Oil & Gas (Holdings) Plc New Planning Application for Wressle Discovery
03 Mai 2017 - 8:00AM
UK Regulatory
TIDMEOG
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas
3 May 2017
Europa Oil & Gas (Holdings) plc ('Europa' or 'the Company')
New Planning Application for Wressle Discovery
Europa Oil & Gas (Holdings) plc, the AIM traded UK and Ireland focused oil and
gas exploration, development and production company, notes the update issued
today by Egdon Resources plc ("Egdon") regarding the Wressle Oil Field at Lodge
Farm, North Lincolnshire ("Wressle"). Europa has a 30%* working interest in
Wressle alongside Egdon (operator, 25%), Celtique Energie Petroleum Ltd (30%,
after the sale of 3.33% to Union Jack Oil which is subject to OGA approval),
and Union Jack Oil (15%, following the above sale), (together the "Joint
Venture Partners").
On 28 April 2017, Egdon submitted a new Planning Application (the
"Application") for the development of Wressle. The Application includes
additional detailed information to address the specific concerns raised by
North Lincolnshire County Council in its 11 January 2017 decision to refuse
planning consent for the development of Wressle. The Application will now be
validated by the North Lincolnshire Council planning department prior to the
commencement of the consultation process. This process typically takes one to
two weeks.
As announced on 11 April 2017, Egdon has already submitted an appeal against
North Lincolnshire County Council's decision to refuse planning consent ('the
Appeal'). The Application and the Appeal form part of a dual track approach
which the Joint Venture partners believe provides the best opportunity for a
successful planning outcome which will allow Wressle to be brought into
production with the minimum delay.
*On 24 November 2016, Europa announced it had signed a Sale and Purchase
Agreement ('SPA') with Upland Resources (UK Onshore) Limited in relation to a
10% interest in PEDLs 180 and 182. Completion of the SPA, which is subject to
planning and other approvals would result in Europa retaining a 20% interest in
the Licences.
* * ENDS * *
For further information please visit www.europaoil.com or contact:
Hugh Mackay Europa + 44 (0) 20 7224
3770
Phil Greenhalgh Europa + 44 (0) 20 7224
3770
Matt Goode finnCap Ltd + 44 (0) 20 7220
0500
Simon Hicks finnCap Ltd + 44 (0) 20 7220
0500
Frank Buhagiar St Brides Partners Ltd + 44 (0) 20 7236
1177
Susie Geliher St Brides Partners Ltd + 44 (0) 20 7236
1177
Notes
Europa Oil & Gas (Holdings) plc has a diversified portfolio of multi-stage
hydrocarbon assets that includes production, exploration and development
interests, in countries that are politically stable, have transparent licensing
processes, and offer attractive terms. Its highly prospective exploration
projects include the Wressle oil development in the UK and seven licences
offshore Ireland with the potential to host gross mean un-risked prospective
and indicative resources of more than 4 billion barrels oil equivalent and 1.5
TCF gas across all seven licences. In 2016 Europa produced 123 boepd from its
portfolio of onshore UK licences.
Qualified Person Review
This release has been reviewed by Hugh Mackay, Chief Executive of Europa, who
is a petroleum geologist with 30 years' experience in petroleum exploration and
a member of the Petroleum Exploration Society of Great Britain, American
Association of Petroleum Geologists and Fellow of the Geological Society. Mr
Mackay has consented to the inclusion of the technical information in this
release in the form and context in which it appears.
END
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