Angus Energy PLC Holmwood Well Update (0292X)
November 21 2017 - 1:00AM
UK Regulatory
TIDMANGS TIDMAUTO
RNS Number : 0292X
Angus Energy PLC
21 November 2017
21 November 2017
Angus Energy Plc
("Angus Energy" or the "Company")
Update on Holmwood Well, PEDL 143, Weald Basin
Angus Energy Plc, a conventional oil and gas production and
development company notes the release made this morning by Europa
Oil and Gas (Holdings) plc ("Europa") in respect of PEDL143 where
Angus Energy holds an 12.5% interest. Europa included the following
statements:
"Europa Oil & Gas (Holdings) plc, the AIM traded Ireland and
UK focused oil and gas exploration, development and production
company, is pleased to provide a planning update regarding the
Holmwood oil exploration prospect ('Holmwood') on licence PEDL 143
at Bury Hill Wood, Coldharbour Lane, Surrey. Europa is operator of
PEDL 143 in which it holds a 20% interest.
As previously advised in the Company's announcement of 19
October 2017, Surrey County Council's Planning and Regulatory
Committee met on 18 October 2017 in connection with a conventional
oil exploration well to test the Holmwood prospect. The Committee
resolved to defer a decision on Condition 19 (Construction Traffic
Management Plan) of the planning permission granted on 7 August
2015. Europa considers that the Construction Traffic Management
Plan as submitted to SCC on 21 September 2017 for approval
satisfactorily meets the requirements of Condition 19. Europa will
shortly submit an appeal ('the Appeal') to the Planning
Inspectorate against the refusal of Surrey County Council to
approve the Construction Traffic Management Plan and discharge
Condition 19.
Europa will also resubmit the Construction Traffic Management
Plan to SCC for their consideration ('the Resubmittal'). In
parallel with this Europa will undertake additional consultations
with Parish Councils and residents of Coldharbour Lane to provide
further information regarding the Traffic Management Plan.
The Resubmittal and the Appeal form part of a dual track
approach that Europa and its partners believe provides the best
opportunity for a successful planning outcome and which will enable
the discharge of Condition 19."
END.
About Angus Energy plc.
Angus Energy plc. is a UK AIM quoted independent onshore oil and
gas production and development company focused on leveraging its
expertise to advance its portfolio of UK assets as well as acquire,
manage and monetise select projects. Angus Energy majority owns and
operates conventional oil production fields at Brockham (PL 235)
and Lidsey (PL 241) and has a 12.5% interest in the Holmwood
licence (PEDL143).
Enquiries:
Angus Energy Plc
----------------------------- --------------------------
Jonathan Tidswell-Pretorius Tel: +44 (0) 208 899 6380
/ Paul Vonk
----------------------------- --------------------------
Beaumont Cornish (NOMAD)
----------------------------- --------------------------
James Biddle/ Roland Cornish Tel: +44 (0) 207 628 3396
----------------------------- --------------------------
Optiva Securities Limited
(BROKER)
----------------------------- --------------------------
Jeremy King/ Ed McDermott Tel: +44 (0) 203 137 1902
----------------------------- --------------------------
Yellow Jersey
----------------------------- --------------------------
Tim Thompson Tel: +44 (0) 203 735 8825
----------------------------- --------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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