Europa Oil & Gas (Holdings) Plc Update on Wressle, North Lincolnshire
28 Novembre 2018 - 5:15PM
UK Regulatory
TIDMEOG
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas
28 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') 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.
Egdon, with the full support of its partners, intend to appeal the decision
without delay and will begin preparing the appeal 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').
Europa's CEO, Hugh Mackay, said: "Located in the heart of the East Midlands
Petroleum province, recommended for development by the Council's own Planning
Officer as well as independent consultants, and with the potential to generate
meaningful production revenues for Europa, we believe the case for bringing the
Wressle discovery into production is strong. We therefore fully support the
operator's continued efforts to advance Wressle, starting with the preparation
of the appeal documentation as soon as possible."
Egdon`s RNS published today is as follows:
Egdon Resources plc (AIM:EDR) advises that its application for planning consent
for the Wressle Development 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, whilst not entirely unexpected, is nonetheless disappointing
given that the application had been recommended for approval by North
Lincolnshire Council's own professional planning officer who had the benefit of
a positive assessment by specialist independent technical consultants.
We agree with the conclusion of the planning officer and the independent
consultants and strongly believe the new application for the development of the
Wressle oil field fully and comprehensively addresses the reasons for the
refusal of the original planning applications and the subsequent appeals and
therefore intend to appeal this decision without delay. We will begin
preparing the appeal documentation on receipt of the Committee's decision
notice."
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 1 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.
The information communicated in this announcement contains inside information
for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
* * 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
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