Planning approval granted for Kiln Lane Well, onshore UK
Europa Oil & Gas plc, the AIM quoted oil and gas exploration and development company with a combination of producing and exploration assets in Europe, has announced its proposal to drill the Kiln Lane conventional exploration well on licence PEDL 181 in East Lincolnshire has been approved by the Planning Committee at a meeting held today at Grimsby town hall. The approval is subject to the signing of a Section 106 agreement which is currently being finalised.
Europa holds a 50% interest and is operator of PEDL 181 which covers 540 sq km of a known oil producing region.
Europa’s CEO, Hugh Mackay said, “Planning approval is an important step and, subject to the granting of an Environmental Agency permit in a timely manner, we remain on course to commence operations at Kiln Lane by year end. We are keen to drill a conventional well at Kiln Lane not only because we estimate it holds gross prospective resources of 2.9 mmbo and has a one in three chance of success, but also because it is located on a large undrilled licence. Success would open up a new conventional oil and gas play and in the process de-risk additional leads identified.
“Kiln Lane will be our second UK onshore well this year and closely follows Wressle where operations are due to commence in November to test over 30 metres of potential hydrocarbon pay in three main intervals. I look forward to providing further updates, as we focus on significantly increasing our existing production.”