Europa Oil & Gas (Holdings) Plc Issue of EA Permit Variation for Wressle Discovery

 
TIDMEOG 
 
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas 
 
19 May 2017 
 
          Europa Oil & Gas (Holdings) plc ('Europa' or 'the Company') 
 
               Issue of EA Permit Variation for Wressle Discovery 
 
Europa Oil & Gas (Holdings) plc, the AIM traded UK and Ireland focused oil and 
gas exploration, development and production company, notes today's update by 
Egdon Resources plc ("Egdon") regarding the issue by the Environment Agency of 
the variation to the Mining Waste Permit ("the EA Permit") for the planned 
development of, and associated operations at, the Wressle Oil Field at Lodge 
Farm, North Lincolnshire ("Wressle").  Europa has a 30%* working interest in 
Wressle alongside Egdon (operator, 25%), Celtique Energie Petroleum Ltd (30%, 
after the sale of 3.33% to Union Jack Oil plc which is subject to OGA 
approval), and Union Jack Oil plc (15%, following the above sale), (together 
the "Joint Venture Partners"). 
 
The issue of the EA Permit represents a major regulatory milestone in the 
proposed development of Wressle, and supports the new Planning Application 
which was submitted by Egdon on 28 April 2017. 
 
Europa CEO Hugh Mackay said, "The Environment Agency has taken a long hard look 
at the partners' development plans for Wressle and determined that the 
procedures we propose will prevent, mitigate and minimise any environmental 
impact at the site.  With this in mind, the partners are confident that the 
Environment Agency's comprehensive assessment and positive conclusion will be 
reflected in the outcome of the new Planning Application." 
 
*On 24 November 2016, Europa announced it had signed a Sale and Purchase 
Agreement ('SPA') with Upland Resources (UK Onshore) Limited in relation to a 
10% interest in PEDLs 180 and 182. Completion of the SPA, which is subject to 
planning and other approvals would result in Europa retaining a 20% interest in 
the Licences. 
 
                                 * * 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. Its highly prospective exploration 
projects include the Wressle oil development in the UK and seven licences 
offshore Ireland with the potential to host gross mean un-risked prospective 
resources of more than 4 billion barrels oil equivalent and 1.5 TCF gas across 
all seven licences. In H1 2017 Europa produced 115 boepd from its portfolio of 
onshore UK 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 
 

(END) Dow Jones Newswires

May 19, 2017 02:00 ET (06:00 GMT)