Europa Oil & Gas (Holdings) plc /
Index: AIM / Epic: EOG / Sector: Oil & Gas
30 June 2017
Europa Oil &
Gas (Holdings) plc (‘Europa’ or ‘the Company’)
Wressle Planning
Meeting
Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas
exploration, development and production company focused on
Europe, notes today’s update from
Egdon Resources (‘Egdon’) that North Lincolnshire County Council’s
Planning Committee will meet on Monday 3
July 2017 to determine the new planning application for the
development of the Wressle Oil Field (‘Wressle’) on PEDLs 180 and
PEDL 182 (‘the Licences’).
The new application, which has received a recommendation for
approval from North Lincolnshire County Council’s Planning
Department, includes additional detailed information to address the
specific concerns raised by North Lincolnshire County Council in
its 11 January 2017 decision to
refuse the original application.
Europa has a 30% working interest in Wressle alongside Egdon
(operator, 25%), Celtique Energie Petroleum Ltd (30%, after the
sale of 3.33% to Union Jack Oil plc which is subject to OGA
approval), and Union Jack Oil plc (15%, following the above
sale). 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 http://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. Its highly prospective exploration projects
include the Wressle oil development in the UK and seven licences
offshore Ireland with the
potential to host gross mean un-risked prospective resources of
more than 4 billion barrels oil equivalent and 1.5 TCF gas across
all seven licences. In H1 2017 Europa produced 115 boepd from its
portfolio of onshore UK licences.