Europa Oil & Gas (Holdings) PLC Wressle Planning Update
18 Octobre 2024 - 8:00AM
RNS Regulatory News
RNS Number : 6719I
Europa Oil & Gas (Holdings) PLC
18 October 2024
Europa
Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil
& Gas
18 October 2024
Europa Oil & Gas
(Holdings) plc
("Europa" or the
"Company")
Wressle Planning Update
Europa Oil & Gas (Holdings) plc,
the AIM quoted UK, Ireland and West Africa focused oil and gas
exploration, development and production company, advise that
further to the RNS dated 17 October 2024 the operator of Wressle,
Egdon Resources UK Limited ("Egdon") has now been informed by North
Lincolnshire Council ("NLC") that following receipt of legal
opinion and in light of the Finch Supreme Court decision, NLC will
not seek to resist the proposed legal challenge brought in respect
of NLC's decision to grant the planning consent for further
development of the Wressle well site (see RNS dated 16 September
2024). The proposed legal challenge is based on NLC omitting to
consider the likely Scope 3 GHG (Greenhouse gas) emissions in
determining if the proposed development required an Environmental
Impact Assessment.
Having sought their own legal
advice, the Wressle Joint Venture partners have concluded they
would not be in a position to defend the proposed legal claim. As
such it is fully expected that the planning consent will be quashed
once the court process has concluded.
The forward plan, on conclusion of
the court process, is to seek a new screening opinion from NLC with
additional supporting data that details the likely Scope 3 GHG
(Greenhouse gas) emissions. Depending on the outcome of this
screening opinion either the existing "live" application would be
redetermined by NLC or an Environmental Impact Assessment would be
submitted.
This decision has no effect on the
ongoing current operations or production at Wressle, which remains
profitable.
* * ENDS *
*
For further information, please
visit www.europaoil.com or
contact:
William Holland
|
Europa Oil & Gas (Holdings)
plc
|
mail@europaoil.com
|
Samantha Harrison / Ciara Donnelly /
Elliot Peters
|
Grant Thornton UK LLP - Nominated
Adviser
|
+44 (0) 20 7383 5100
|
Peter Krens
|
Tennyson Securities
|
+44 (0) 20 7186 9033
|
Patrick d'Ancona / Finlay Thomson /
Kendall Hill
|
Vigo Consulting
|
+44 (0) 20 7390 0230
|
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact
rns@lseg.com or visit
www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our
Privacy
Policy.
END
UPDEAKEXFDNLFFA
Europa Oil & Gas (holdin... (LSE:EOG)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
Europa Oil & Gas (holdin... (LSE:EOG)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024