Europa Oil & Gas (Holdings) Plc Update on Wressle

 
TIDMEOG 
 
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas 
 
22 November 2018 
 
          Europa Oil & Gas (Holdings) plc ('Europa' or 'the Company') 
 
                     Update on Wressle, North Lincolnshire 
 
Europa Oil & Gas (Holdings) plc, the UK and Ireland focused oil and gas 
exploration, development and production company, notes today's update from 
Egdon Resources ('Egdon') that its application for planning consent for the 
development of the Wressle oil field on PEDL 180 in the East Midlands ('the 
Application') has received a recommendation for approval (subject to 
conditions) from North Lincolnshire Council's Planning Officer.  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'). 
 
The Application will be considered by a meeting of the North Lincolnshire 
Council Planning Committee on 28 November 2018. 
 
Europa's CEO, Hugh Mackay, said: "The Planning Officer's recommendation to the 
Council to approve the application for planning consent for the development of 
Wressle is testament to the comprehensive work that has been undertaken to 
address all outstanding issues.  Wressle has the potential to more than double 
Europa's net production to over 200bopd.  As a result, we are keen to get 
Wressle into production as soon as possible and with this in mind, we are 
looking forward to the Planning Committee meeting later this month." 
 
Egdon`s RNS published today is as follows: 
 
Egdon Resources plc (AIM:EDR) is pleased to advise that its application for 
planning consent for the Wressle Development has received a recommendation for 
approval (subject to Conditions) from North Lincolnshire Council's Planning 
Officer. 
 
This application will be considered by a meeting of the North Lincolnshire 
Council Planning Committee on 28 November 2018. 
 
Mark Abbott, Managing Director of Egdon Resources plc, said: "I am very pleased 
that the Council's Planning Officer has recommended approval of the proposed 
Wressle development, having diligently considered the significant body of 
additional work and improvements submitted as part of the application. 
 
The Planning Officer was clear in his report where he stated "it is considered 
that this new application addresses the concerns raised at the public inquiry 
and that, as a result of the additional ground investigation, site 
reconfiguration and improved pollution mitigation and water monitoring 
arrangements, the reasons given by the Inspector for dismissing the previous 
appeals have been overcome. This conclusion is confirmed by the external 
technical experts (JBA Consulting) employed by the Council to carry out a 
robust review of the new application and its potential environmental impacts". 
 
We hope that the members of the planning committee will agree with the 
considered recommendation of their professional planning officer (supported in 
this case by specialist advisors), the various regulatory authorities and 
statutory consultees and approve the application at next week's meeting." 
 
Planning history: 
 
On 11 January 2017, North Lincolnshire Council ("NlC") 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 NLC in their refusal. 
 
On 11 April 2017, Egdon submitted an appeal against NLC'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 NLC 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 NLC'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 1 August 2018 and the company announced its intention to 
appeal the decision 
 
On 5 July we announced the submission to NLC of a new planning application for 
the development of the Wressle oil field. 
 
On 20 November the application for planning consent for the Wressle Development 
has received a recommendation for approval from NLC's planning officers. 
 
                                 * * 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 2018 Europa produced 94 boepd. Its 
highly prospective exploration projects include the Wressle development in the 
UK (targeting production start-up in 2019 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. 
 
 
 
END
(END) Dow Jones Newswires
November 22, 2018 02:00 ET (07:00 GMT)
Europa Oil & Gas (holdin... (LSE:EOG)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024