Europa Oil & Gas (Holdings) Plc Wressle Planning Meeting
June 30 2017 - 1:00AM
UK Regulatory
TIDMEOG
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.
END
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