Europa Oil & Gas (Holdings) Plc Update on Holmwood Well, PEDL 143, Weald Basin

 
TIDMEOG 
 
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas 
 
21 November 2017 
 
          Europa Oil & Gas (Holdings) plc ('Europa' or 'the Company') 
 
            Update on Holmwood Well, PEDL 143, Weald Basin 
 
Europa Oil & Gas (Holdings) plc, the AIM traded Ireland and UK focused oil and 
gas exploration, development and production company, is pleased to provide a 
planning update regarding the Holmwood oil exploration prospect ('Holmwood') on 
licence PEDL 143 at Bury Hill Wood, Coldharbour Lane, Surrey.  Europa Oil & Gas 
Limited is operator of PEDL 143 in which it holds a 20% interest. 
 
As previously advised in the Company's announcement of 19 October 2017, Surrey 
County Council's Planning and Regulatory Committee met on 18 October 2017 in 
connection with a conventional oil exploration well to test the Holmwood 
prospect.  The Committee resolved to defer a decision on Condition 19 
(Construction Traffic Management Plan) of the planning permission granted on 7 
August 2015. Europa considers that the Construction Traffic Management Plan as 
submitted to SCC on 21 September 2017 for approval satisfactorily meets the 
requirements of Condition 19. Europa will shortly submit an appeal ('the 
Appeal') to the Planning Inspectorate against the refusal of Surrey County 
Council to approve the Construction Traffic Management Plan and discharge 
Condition 19. 
 
Europa will also resubmit the Construction Traffic Management Plan to SCC for 
their consideration ('the Resubmittal'). In parallel with this Europa will 
undertake additional consultations with Parish Councils and residents of 
Coldharbour Lane to provide further information regarding the Traffic 
Management Plan. 
 
The Resubmittal and the Appeal form part of a dual track approach that Europa 
and its partners believe provides the best opportunity for a successful 
planning outcome and which will enable the discharge of Condition 19. 
 
                                 * * 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 2017 Europa produced 113 boepd.  Its 
highly prospective exploration projects include the Wressle development in the 
UK and seven licences offshore Ireland with the potential to host gross mean 
un-risked prospective and indicative resources of 4.7 billion barrels oil 
equivalent and 1.5 tcf gas across all seven 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

November 21, 2017 02:00 ET (07:00 GMT)