Europa Oil & Gas (Holdings) Plc Update on Wressle, North Lincolnshire
01 Août 2018 - 5:32PM
UK Regulatory
TIDMEOG
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas
1 August 2018
Europa Oil & Gas (Holdings) plc ('Europa' or 'the Company')
Update on Wressle, North Lincolnshire
Europa Oil & Gas (Holdings) plc, the UK and Ireland focussed oil and gas
exploration, development and production company, notes today's update from
Egdon Resources ('Egdon') which advises that its application to North
Lincolnshire Council ('NLC') to extend planning consent for the Wressle oil
field development on PEDL 180 in the East Midlands ('the Application') was
refused.
Europa notes that the board of Egdon intends to appeal this decision without
delay and will begin preparing documentation on receipt of the Committee's
decision notice.
Europa has a 30% working interest in Wressle alongside Egdon (operator, 30%),
Union Jack Oil (27.5%), and Humber Oil & Gas Limited (12.5%) ('the Joint
Venture partners'). Egdon`s full RNS including Notes is reproduced at the end
of this release.
Europa's CEO, Hugh Mackay, said: "It is disappointing to note today's decision
by the NLC, particularly when considering that this application had received
support from North Lincolnshire County Council's planning officers. The board
of Egdon has been forthright in its intention to appeal this decision and we
will stand by for further updates in due course.
"Bringing Wressle on-stream would augment our current net daily production to
approximately 250 bopd and generate a valuable revenue stream for reinvestment
across our multi-stage portfolio of licences onshore UK and offshore Ireland.
With this in mind, we remain hopeful of a resolution to the outstanding issues
to ensure a satisfactory outcome for all parties."
Egdon`s RNS published today is as follows:
Egdon Resources plc (AIM:EDR) advises that its application to extend planning
consent for the Wressle site to 1 August 2019 was refused at today's meeting of
the North Lincolnshire Council Planning Committee ("the Committee"). The
application had been recommended for approval by North Lincolnshire County
Council's planning officers.
Mark Abbott, Managing Director of Egdon Resources plc, said:
"The decision of the Committee is clearly disappointing given that the
application had been recommended for approval by North Lincolnshire Council's
own professional planning officers, that an appeal for a previous refusal of
such an application had been successful and that we have recently submitted a
new application for the development of the Wressle oil field which we strongly
believe comprehensively addresses the reasons for the refusal of the original
planning applications and the subsequent appeals.
"We intend to appeal this decision without delay and will begin preparing
documentation on receipt of the Committee's decision notice."
Notes to Editors:
Planning history:
On 11 January 2017, North Lincolnshire Council refused planning consent for the
original application for the development of the Wressle Oil Field at Lodge
Farm, Wressle, North Lincolnshire.
On 7 February 2017, Egdon announced that it would both appeal the decision of
11 January 2017 and in parallel submit a new Planning Application for the
Wressle development which would include even more detailed information to
address the specific concerns outlined by North Lincolnshire Council in their
refusal.
On 11 April 2017, Egdon submitted an appeal against North Lincolnshire
Council's decision to refuse planning consent.
On 28 April 2017, Egdon submitted a new application for the Wressle Development
including additional detailed information to address the specific concerns
raised by North Lincolnshire Council in its 11 January 2017 decision to refuse
the original application for the development of the Wressle Oil Field.
On 19 May 2017, Egdon announced the issue by the Environment Agency of the
variation to the Mining Waste Permit for the planned Wressle field development
and associated operations.
On 3 July 2017, the new planning application was also refused. The variation
of the existing planning for the site requesting a twelve month extension was
also refused at the same meeting.
During November 2017, a planning inquiry was held to consider the two appeals
for development approval and the appeal of the variation of the existing
planning for the site. On 5 January 2018, we announced that the Inspector had
rejected the appeals by Egdon against the two planning refusals by North
Lincolnshire County Council's Planning Committee. However, the Planning
Inspectorate did uphold Egdon's appeal against the decision to refuse the
application to retain the existing planning for the well site, which is was
retained until the 28 April 2018.
A new application to extend the current planning consent was submitted on 13
April 2018 and refused 8 August 2018 and the company announced its intention to
appeal the decision
On 5 July we announced the submission to North Lincolnshire Council of a new
planning application for the development of the Wressle oil field.
Egdon Resources plc (LSE: EDR) is an established UK-based exploration and
production company focused on onshore exploration and production in the
hydrocarbon-producing basins of the UK.
Egdon holds interests in 44 licences in the UK and has an active programme of
exploration, appraisal and development within its portfolio of oil and gas
assets. Egdon is an approved operator in the UK.
Egdon was formed in 1997 and listed on AIM in December 2004.
In accordance with the AIM Rules - Note for Mining and Oil and Gas Companies,
the information contained in this announcement has been reviewed and signed off
by the Managing Director of Egdon Resources plc Mark Abbott, a Geoscientist
with over 26 years' experience.
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via
Regulatory Information Service ("RIS"), this inside information is now
considered to be in the public domain.
* * 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. In 2017 Europa produced 113 boepd. Its
highly prospective exploration projects include the Wressle development in the
UK (targeting production start-up in 2018 at 500 bopd gross) and six licences
offshore Ireland with the potential to host gross mean un-risked prospective
resources of 6.2 billion barrels oil equivalent and 2.5 tcf undiscovered GIIP
across all six 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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