Europa Oil & Gas (Holdings) Plc Wressle Planning Appeal

 
TIDMEOG 
 
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas 
 
5 February 2019 
 
          Europa Oil & Gas (Holdings) plc ('Europa' or 'the Company') 
 
                            Wressle Planning Appeal 
 
Europa Oil & Gas (Holdings) plc, the UK and Ireland focused oil and gas 
exploration, development and production company, notes today's update from 
Egdon Resources ('Egdon') that it has submitted to the Planning Inspectorate an 
appeal against the refusal of planning consent for the development of the 
Wressle oil field by North Lincolnshire Council's (the "Council") Planning 
Committee on 28 November 2018. The appeal will now be validated by the Planning 
Inspectorate and a bespoke timetable advised for the appeal process which will 
lead to a planning inquiry in due course. 
 
The Wressle oil field was discovered by the Wressle-1 well in 2014.  During 
testing in 2015, Wressle-1 flowed oil and gas from three separate reservoirs, 
the Ashover Grit, the Wingfield Flags and the Penistone Flags.  A total of 710 
barrels of oil equivalent per day were recovered from all zones.  In September 
2016, a Competent Person's Report provided independent estimates of Reserves 
and Contingent and Prospective oil and gas Resources for the Wressle discovery 
of 2.15 million stock tank barrels classified as discovered (2P+2C). 
 
Europa has a 30% working interest in licence PEDL 180 in the East Midlands 
which holds the Wressle oil discovery, alongside Egdon (operator, 30%), Union 
Jack Oil (27.5%), and Humber Oil & Gas Limited (12.5%) (together 'the 
Partners'). 
 
Europa's CEO, Hugh Mackay, said: "The Partners are confident the new proposals 
for the development of Wressle comprehensively address the reasons highlighted 
by the Planning Inspector in the original appeal in January 2018, particularly 
as these have been recommended for approval by the Council's Planning Officer 
and supported by an expert third party review undertaken on behalf of the 
Council.  Further details regarding the public inquiry, during which a Planning 
Inspector will consider the Partners' appeal, will be provided in due course, 
as we support the operator's efforts to bring the Wressle discovery online at 
an initial gross rate of 500bopd and in the process more than double Europa's 
existing production to over 200bopd." 
 
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 
 
Camille Gochez    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 2018 Europa produced 94 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

February 05, 2019 02:00 ET (07:00 GMT)