Europa Oil & Gas (Holdings) Plc New Planning Application for Wressle Discovery

 
TIDMEOG 
 
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas 
 
3 May 2017 
 
          Europa Oil & Gas (Holdings) plc ('Europa' or 'the Company') 
 
                 New Planning Application for Wressle Discovery 
 
Europa Oil & Gas (Holdings) plc, the AIM traded UK and Ireland focused oil and 
gas exploration, development and production company, notes the update issued 
today by Egdon Resources plc ("Egdon") regarding 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 which is subject to OGA approval), 
and Union Jack Oil (15%, following the above sale), (together the "Joint 
Venture Partners"). 
 
On 28 April 2017, Egdon submitted a new Planning Application (the 
"Application") for the development of Wressle. The Application includes 
additional detailed information to address the specific concerns raised by 
North Lincolnshire County Council in its 11 January 2017 decision to refuse 
planning consent for the development of Wressle. The Application will now be 
validated by the North Lincolnshire Council planning department prior to the 
commencement of the consultation process. This process typically takes one to 
two weeks. 
 
As announced on 11 April 2017, Egdon has already submitted an appeal against 
North Lincolnshire County Council's decision to refuse planning consent ('the 
Appeal'). The Application and the Appeal form part of a dual track approach 
which the Joint Venture partners believe provides the best opportunity for a 
successful planning outcome which will allow Wressle to be brought into 
production with the minimum delay. 
 
*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 
and indicative resources of more than 4 billion barrels oil equivalent and 1.5 
TCF gas across all seven licences. In 2016 Europa produced 123 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 03, 2017 02:00 ET (06:00 GMT)