Europa Oil & Gas (Holdings) Plc Update on Holmwood well, PEDL 143, Weald Basin
October 19 2017 - 2:00AM
UK Regulatory
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
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