Europa Oil & Gas Regulatory News (EOG)

Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas 22 October 2014 Europa Oil & Gas (Holdings) plc (`Europa' or `the Company') Planning approval granted for Kiln Lane Well, onshore UK Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas exploration anddevelopment company with a combination of producing and exploration assets inEurope, is pleased to announce its proposal to drill the Kiln Lane conventionalexploration well on licence PEDL 181 in East Lincolnshire has been approved bythe Planning Committee at a meeting held today at Grimsby town hall. Theapproval is subject to the signing of a Section 106 agreement which iscurrently being finalised. Europa holds a 50% interest and is operator of PEDL181 which covers 540 sq km of a known oil producing region. Europa's CEO, Hugh Mackay said, "Planning approval is an important step and,subject to the granting of an Environmental Agency permit in a timely manner,we remain on course to commence operations at Kiln Lane by year end. We arekeen to drill a conventional well at Kiln Lane not only because we estimate itholds gross prospective resources of 2.9 mmbo and has a one in three chance ofsuccess, but also because it is located on a large undrilled licence. Successwould open up a new conventional oil and gas play and in the process de-riskadditional leads identified. Kiln Lane will be our second UK onshore well thisyear and closely follows Wressle where operations are due to commence inNovember to test over 30 metres of potential hydrocarbon pay in three mainintervals. I look forward to providing further updates, as we focus onsignificantly increasing our existing production." * * 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 Henrik Persson finnCap Ltd +44 (0) 20 7220 0500 Frank Buhagiar St Brides Media and Finance Ltd +44 (0) 20 7236 1177 Lottie Brocklehurst St Brides Media and Finance Ltd +44 (0) 20 7236 1177 Notes Europa Oil & Gas (Holdings) plc has a diversified portfolio of multi-stagehydrocarbon assets that includes production, exploration and developmentinterests, in countries that are politically stable, have transparent licensingprocesses, and offer attractive terms. The Company produced 165 boepd in the UKduring the 2013/2014 financial year, generating sufficient revenues to covercorporate overheads and some exploration expenditure. Its highly prospectiveexploration projects include the Wressle (recently drilled and scheduled fortesting) and Kiln Lane prospects (due to be drilled this year) in the UK; 100%owned gas exploration prospect (107 bcf) and appraisal project (CPR 277 bcf) inonshore France; and a joint venture with leading independent Kosmos to exploretwo licences in offshore Ireland in which Europa had previously identified twoprospects with estimated gross mean un-risked indicative resources of 482million barrels oil and 1.6 billion barrels oil respectively. Qualified Person Review This release has been reviewed by Hugh Mackay, Chief Executive of Europa, whois a petroleum geologist with 30 years' experience in petroleum exploration anda member of the Petroleum Exploration Society of Great Britain, AmericanAssociation of Petroleum Geologists and Fellow of the Geological Society. MrMackay has consented to the inclusion of the technical information in thisrelease in the form and context in which it appears.