Europa Oil & Gas (Holdings) Plc Wressle Development Planning Appeals Rejected

 
TIDMEOG 
 
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas 
 
5 January 2018 
 
          Europa Oil & Gas (Holdings) plc ('Europa' or 'the Company') 
 
                 Wressle Development Planning Appeals Rejected 
 
Europa Oil & Gas (Holdings) plc, the UK and Ireland focussed oil and gas 
exploration, development and production company, notes today's update from 
Egdon Resources ('Egdon') regarding the Planning Inspectorate's decision in 
respect of the Wressle Planning Inquiry.  The decision made by the Inspector is 
to reject the appeals by Egdon against the two planning refusals by North 
Lincolnshire County Council's Planning Committee in respect of the development 
of the Wressle oil discovery in licences PEDL180 and PEDL182 ('the Licences') 
in North Lincolnshire. 
 
However, the Planning Inspectorate has advised that it did uphold Egdon's 
appeal against the decision to refuse the application to retain the existing 
planning for the well site, which is now retained until 28 April 2018. 
 
Europa has a 30%* working interest in Wressle alongside Egdon (operator, 25%), 
Celtique Energie Petroleum Ltd (33.33%), and Union Jack Oil (11.67%), (together 
'the Joint Venture partners').   The Joint Venture partners are considering in 
detail the reasons for the refusals as contained in the decision notice and 
will review the options available.  A further update will be provided to the 
market in due course. 
 
*On 24 November 2016, Europa announced it had signed a Sale and Purchase 
Agreement ('SPA') with Upland Resources (UK Onshore) Limited ('Upland') in 
relation to a 10% interest in PEDLs 180 and 182.  Completion of the SPA, which 
is subject to approval from the Oil & Gas Authority, 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 
 
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 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

January 05, 2018 02:00 ET (07:00 GMT)