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 
 
19 October 2017 
 
          Europa Oil & Gas (Holdings) plc ('Europa' or 'the Company') 
 
            Update on Holmwood well, PEDL 143, Weald Basin 
 
Europa Oil & Gas (Holdings) plc, UK and Ireland focussed exploration, 
development and production company notes the outcome of the Surrey County 
Council Planning and Regulatory Committee meeting on 18 October 2017 in 
connection with a conventional oil exploration well to test the Holmwood 
prospect at Bury Hill Wood, Coldharbour Lane, Surrey: 
 
  * A planning application for a security fence for the drill site was approved 
    by Surrey County Council ('SCC') at the Planning and Regulatory Committee 
    meeting on 18 October 2017. 
 
  * The Planning Committee elected to defer a decision on Condition 19 (Traffic 
    Management Scheme) pending response to further requests for information 
    from the Planning Committee. 
 
Europa will consult with its joint venture partners and advisers and respond to 
SCC on Condition 19 accordingly. 
 
As a consequence of the deferred decision on Condition 19, the Company advises 
that it anticipates operations to drill the Holmwood conventional oil 
exploration well will now commence in H1 2018 
 
Europa is operator of the Licence in which it holds a 20% interest, alongside 
UK Oil & Gas Investments plc 30%, Egdon Resources plc 18.4%, Angus Energy plc 
12.5%, Warwick Energy 10%, Union Jack Oil plc 7.5% and Altwood Petroleum 1.6%. 
 
                                 * * 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 2016 Europa produced 123 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 more than 4 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

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