Europa Oil & Gas (Holdings) plc /
Index: AIM / Epic: EOG / Sector: Oil & Gas
19 October 2017
Europa Oil &
Gas (Holdings) plc (‘Europa’ or ‘the Company’)
Update on
Holmwood well, PEDL 143, Weald
Basin
Europa Oil & Gas (Holdings) plc, UK and Ireland focussed exploration, development and
production company notes the outcome of the Surrey County Council
Planning and Regulatory Committee meeting on 18 October 2017 in connection with a conventional
oil exploration well to test the Holmwood prospect at Bury Hill
Wood, Coldharbour Lane, Surrey:
- A planning application for a security fence for the drill site
was approved by Surrey County Council (‘SCC’) at the Planning and
Regulatory Committee meeting on 18 October
2017.
- The Planning Committee elected to defer a decision on Condition
19 (Traffic Management Scheme) pending response to further requests
for information from the Planning Committee.
Europa will consult with its joint venture partners and advisers
and respond to SCC on Condition 19 accordingly.
As a consequence of the deferred decision on Condition 19, the
Company advises that it anticipates operations to drill the
Holmwood conventional oil exploration well will now commence in H1
2018
Europa is operator of the Licence in which it holds a 20%
interest, alongside UK Oil & Gas Investments plc 30%, Egdon
Resources plc 18.4%, Angus Energy plc 12.5%, Warwick Energy 10%,
Union Jack Oil plc 7.5% and Altwood Petroleum 1.6%.
* * 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 |
Simon Hicks |
finnCap Ltd |
+ 44 (0) 20 7220 0500 |
Frank Buhagiar |
St Brides Partners Ltd |
+ 44 (0) 20 7236 1177 |
Susie Geliher |
St 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. In 2016 Europa produced 123 boepd.
Its highly prospective exploration projects include the Wressle
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.
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.