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New Planning Application for Wressle Discovery

3 May 2017 07:00

Europa Oil & Gas (Holdings) Plc - New Planning Application for Wressle Discovery

Europa Oil & Gas (Holdings) Plc - New Planning Application for Wressle Discovery

PR Newswire

London, May 2

Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas

3 May 2017

Europa Oil & Gas (Holdings) plc (‘Europa’ or ‘the Company’)

 New Planning Application for Wressle Discovery

Europa Oil & Gas (Holdings) plc, the AIM traded UK and Ireland focused oil and gas exploration, development and production company, notes the update issued today by Egdon Resources plc (“Egdon”) regarding the Wressle Oil Field at Lodge Farm, North Lincolnshire (“Wressle”). 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 which is subject to OGA approval), and Union Jack Oil (15%, following the above sale), (together the “Joint Venture Partners”).

On 28 April 2017, Egdon submitted a new Planning Application (the “Application”) for the development of Wressle. The Application includes additional detailed information to address the specific concerns raised by North Lincolnshire County Council in its 11 January 2017 decision to refuse planning consent for the development of Wressle. The Application will now be validated by the North Lincolnshire Council planning department prior to the commencement of the consultation process. This process typically takes one to two weeks.

As announced on 11 April 2017, Egdon has already submitted an appeal against North Lincolnshire County Council’s decision to refuse planning consent (‘the Appeal’). The Application and the Appeal form part of a dual track approach which the Joint Venture partners believe provides the best opportunity for a successful planning outcome which will allow Wressle to be brought into production with the minimum delay.

*On 24 November 2016, Europa announced it had signed a Sale and Purchase Agreement (‘SPA’) with Upland Resources (UK Onshore) Limited in relation to a 10% interest in PEDLs 180 and 182. Completion of the SPA, which is subject to planning and other approvals would result in Europa retaining a 20% interest in the Licences.

* * ENDS * *

For further information please visit www.europaoil.com or contact:

Hugh MackayEuropa+ 44 (0) 20 7224 3770
Phil GreenhalghEuropa+ 44 (0) 20 7224 3770
Matt GoodefinnCap Ltd+ 44 (0) 20 7220 0500
Simon HicksfinnCap Ltd+ 44 (0) 20 7220 0500
Frank BuhagiarSt Brides Partners Ltd+ 44 (0) 20 7236 1177
Susie GeliherSt 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 and indicative resources of more than 4 billion barrels oil equivalent and 1.5 TCF gas across all seven licences. In 2016 Europa produced 123 boepd from its portfolio of onshore UK 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.

Date   Source Headline
5th Mar 202410:31 amRNSDirector/PDMR Dealing
15th Feb 20241:37 pmRNSHolding(s) in Company
14th Feb 20247:00 amRNSExtension of PEDL 343 Licence (Cloughton)
29th Jan 20247:00 amRNSFEL 4/19 Licence Extension Approval
19th Jan 20247:00 amRNSAward & Concurrent Cancellation of Options
18th Jan 20246:08 pmRNSHolding(s) in Company
15th Jan 20247:00 amRNSWressle Production Update – PEDL180/182
5th Jan 20243:33 pmRNSDirector/PDMR Dealing
2nd Jan 20247:00 amRNSPEDL 180 and PEDL 182 Competent Person’s Report
21st Dec 202311:09 amRNSDirector/PDMR Dealing
21st Dec 20237:01 amRNSBoard Changes
21st Dec 20237:00 amRNSAcquisition of Interest in EG-08 Licence
19th Dec 20237:00 amRNSWressle Production Update – PEDL180/182
29th Nov 202311:05 amRNSWressle Operator Community Update
27th Nov 20237:00 amRNSAttempted Requisition of General Meeting
23rd Nov 20236:05 pmRNSResult of AGM
23rd Nov 20237:00 amRNSWithdrawal of AGM Resolutions
8th Nov 20237:00 amRNSWressle Production Resumes – PEDL180/182
6th Nov 20237:00 amRNSNotice of Investor Presentation
30th Oct 20237:00 amRNSNotice of AGM & Posting of Annual Report
23rd Oct 202310:59 amRNSDirector/PDMR Dealing
23rd Oct 20237:00 amRNSFinal Results
18th Oct 20237:00 amRNSWressle Update
4th Oct 20237:00 amRNSSerenity Update
2nd Oct 20237:00 amRNSFEL 4/19 Update
11th Sep 20237:00 amRNSCloughton Gas in Place Update
31st Aug 20237:00 amRNSWressle Update
3rd Aug 20237:00 amRNSWressle Update
28th Jul 20237:00 amRNSAssumption of Operatorship of PEDL343 (Cloughton)
9th Jun 20239:56 amRNSHolding(s) in Company
5th May 20234:53 pmRNSRetail Investor Reception
27th Apr 20237:00 amRNSDirector Change
24th Apr 20237:00 amRNSInterim Results
3rd Apr 20237:00 amRNSAppointment of COO and Executive Director
31st Mar 20239:11 amRNSHolding(s) in Company
23rd Mar 20237:00 amRNSAward of Options
16th Mar 20237:01 amRNSDirector/PDMR Dealing
16th Mar 20237:00 amRNSWressle Update - Community Liaison Group Meeting
15th Mar 20237:00 amRNSBoard Changes
7th Mar 20237:00 amRNSIrish Licence Emissions Report
28th Feb 20231:32 pmRNSInvestor Relations Webinar
16th Feb 202311:05 amRNSSecond Price Monitoring Extn
16th Feb 202311:00 amRNSPrice Monitoring Extension
17th Jan 20237:00 amRNSWressle Update
11th Jan 20237:00 amRNSOperational Update
7th Dec 20222:23 pmRNSResult of AGM
7th Dec 20227:00 amRNSAGM Statement
23rd Nov 20227:00 amRNSInezgane Licence, Offshore Morocco Update
15th Nov 202212:58 pmEQSEuropa Oil & Gas quadruples its revenue during 'a significant year of change'
14th Nov 20227:01 amRNSNotice of AGM and Posting of Annual Report

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