Holmwood Planning Update

24 May 2010 15:52

Holmwood Planning Update

Europa is pleased to provide an update on the planning application for the Holmwood exploration well in the Weald Basin, southern England.

Surrey County Council have requested that the applicant provides an updated ecological survey over the drilling site location. These surveys will be carried out during summer and the application is due to be heard by the planning committee towards the end of the year.

The Holmwood exploration well will test a prospect which contains prospective resources net to Europa of up to 13 million barrels.

Interests in the group are Europa Oil & Gas Ltd (Operator) (40%), Egdon Resources (38.4%), Warwick Energy (20%) and Altwood Petroleum (1.6%).

Paul Barrett said that, "The previous surveys over the site are now over two years old now and it is understandable that Surrey County Council have requested the surveys be updated. We anticipate the results of the surveys will not be materially different. In addition, as the well was not in our 2010 drilling plans, the delay does not have any impact on our exploration work schedule."