Europa Oil & Gas Regulatory News (EOG)

26 May 2011 08:00

Planning Decision

The Directors of Europa Oil & Gas (Holdings) plc confirm yesterday's decision of the Planning Committee of Surrey County Council to refuse planning permission for the UK onshore Holmwood-1 exploration well.

The combination of the very close voting result and the recommendation by the Planning Officers to allow the drilling, following an exhaustive review of the application, gives the Directors and partners sufficient justification to appeal this decision on the grounds that the decision to refuse was not made purely on the facts of the case.

Paul Barrett said that, "We believe the proposal submitted to the Council was technically strong, fully supported by the County's own Planning Officers and as such the refusal is thought likely to be overturned on appeal."

Holmwood is situated in PEDL143, the owners of which are Europa Oil & Gas Ltd (Operator) (40%), with partners Egdon Resources (40%) and Warwick Energy (20%).

For further information, please contact:

Europa Oil & Gas Paul Barrett 01235 553266

finnCap Sarah Wharry 0207 220 0567