Europa respond to High Court ruling

PUBLISHED: 23 Sep 2013 @ 20:43 | Comments (0) |

Europa Oil & Gas (Holdings) (LSE:EOG), an AIM listed oil and gas exploration and development company with a combination of producing and exploration assets in Europe, have announced that after a successful High Court challenge on 25 July 2013 in relation to the drilling of a temporary exploratory well at the Holmwood prospect (‘Holmwood’) in the PEDL143 licence in the Weald Basin, the Leith Hill Action Group (‘LHAG’) submitted an appeal to the Court of Appeal against the High Court decision on 19 September 2013.

High Court Judge, Mr Justice Ouseley, gave judgment in favour of quashing the decision of the Secretary of State for Communities and Local Government’s, Eric Pickles, appointed Inspector to dismiss an appeal by Europa against Surrey County Council’s refusal to grant planning permission to drill at the Holmwood drillsite. LHAG was granted leave to appeal, to the Court of Appeal, against his judgment.

Europa’s CEO, Hugh Mackay said, “Europa is an established hydrocarbon producer and has extensive experience and a proven track record in operating onshore UK sites. As a result, we believe we are well placed to drill a conventional exploratory well at Holmwood and properly restore the site. We will therefore continue to make every effort to obtain the necessary permissions that will allow us to drill a temporary exploration well at Holmwood.

“Progress continues to be made elsewhere in our portfolio including the continued acquisition of 3-D seismic by our partner Kosmos Energy in the South Porcupine Basin, offshore Ireland, a year ahead of schedule. Meanwhile in the UK, we will be participating in the drilling of the Wressle prospect later this year which we rate as having a 1 in 3 chance of materially adding to our existing production of 180boepd. I look forward to providing further updates to the market in due course.”

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