Europa Oil & Gas (Holdings) Plc Planning Update for Holmwood Well in the Weald Basin

 
TIDMEOG 
 
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas 
 
24 July 2018 
 
          Europa Oil & Gas (Holdings) plc ('Europa' or 'the Company') 
 
        Planning Update for Holmwood Exploration Well in the Weald Basin 
 
Europa Oil & Gas (Holdings) plc, the UK and Ireland focused exploration, 
development and production company, is pleased to provide a planning update 
regarding the Holmwood conventional oil exploration prospect in the Weald Basin 
('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. 
 
Europa will today submit a planning application to Surrey County Council 
seeking a Variation of conditions 3 and 19 (i) of Appeal Decision APP/YB3600/A/ 
11/2166561, to extend the temporary period of the permission for the well site 
by a further 3 years and to remove the requirement for the scheme to include an 
identified HGV holding area.  It has also applied today for two other 
associated planning applications - for the underground drilling corridor and 
for the temporary security fence, which is to be erected around the well site. 
 
Europa also confirms that the Oil and Gas Authority has extended the Initial 
Term of Licence for PEDL 143 until 30 September 2020. 
 
The Environment Agency granted a mining waste permit number EPR/YP3735YK on 23 
July 2018.  The permit authorises the management of extractive wastes not 
involving a waste facility to allow the drilling and testing of a single well 
for the purposes of onshore oil and gas exploration. The Environment Agency has 
also granted a radioactive substances regulation permit and an oil storage 
permit (both Standard Rules). 
 
Europa is the operator of PEDL 143, in which it holds a 20% interest, alongside 
UK Oil & Gas Investments plc 40%, Egdon Resources plc 18.4%, Angus Energy plc 
12.5%, Union Jack Oil plc 7.5% and Altwood Petroleum 1.6%. Following farm-outs 
to Union Jack Oil and Angus Energy, Europa is fully carried on its remaining 
20% share of the exploration well costs up to a cap of GBP3.2 million. 
 
The information communicated in this announcement contains inside information 
for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014. 
 
                                 * * 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 
 
Emily Morris      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 (targeting production start-up in 
2019 at 500 bopd gross) and six licences offshore Ireland with the potential to 
host gross mean un-risked prospective resources of 6.4 billion barrels oil 
equivalent and 2.5 tcf undiscovered GIIP across all six licences. 
 
 
 
END 
 

(END) Dow Jones Newswires

July 24, 2018 02:00 ET (06:00 GMT)