Europa Oil & Gas (Holdings) Plc Wressle Planning Appeal Update
July 13 2017 - 2:00AM
UK Regulatory
TIDMEOG
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas
13 July 2017
Europa Oil & Gas (Holdings) plc ('Europa' or 'the Company')
Wressle Planning Appeal Update
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 its intention to appeal the decision of
North Lincolnshire Council's Planning Committee of 3 July 2017 to refuse
planning consent for the development of the Wressle Oil Field ('Wressle') on
PEDLs 180 and PEDL 182 ('the Licences') for a second time. 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).
Notices advertising Egdon's intention to appeal will be displayed in the local
parishes and published in the local paper over the coming week in accordance
with planning law. An appeal will be submitted without delay shortly
afterwards. Egdon will also request that the Planning Inspectorate co-joins
this new appeal with its appeal against the original refusal of planning
permission of 11 January 2017. The first appeal is currently scheduled for
early November 2017.
Egdon also advises that it will separately appeal the Council's decision of the
3 July 2017 meeting to refuse application PA/2017/268 which requested a twelve
month extension to the existing planning consent for the site at Wressle.
Europa's CEO, Hugh Mackay, said: "Following a comprehensive consultation and
evaluation process, both applications to develop Wressle were recommended for
approval by the Council's Head of Development Management and Building Control,
while an environmental permit from the Environment Agency for the proposed
development of the site has already been issued. The partners in the Licences
believe the case for bringing Wressle into production is strong and we look
forward to providing further updates on the appeal process in due course.
"In the meantime, we were pleased to note that Providence Resources has begun
drilling operations on the Druid and Drombeg prospects in the South Porcupine
Basin offshore Ireland. With the recent arrival of a number of major operators
to the region, we believe this well will be the first of many to be drilled
over the next few years. Success at this or any other well in Atlantic Ireland
will have positive read across for our industry-leading portfolio of licences
offshore Ireland where we have already identified 32 prospects and leads in a
diverse range of six play types and three basins across all seven of our
licences."
*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 2016 Europa produced 123 boepd. Its
highly prospective exploration projects include the Wressle development
(targeting production start-up in early 2017 at up to 500 bopd gross) 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
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