Issue of EA Permit Variation for Wressle Discovery

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[{"type":"text","content":"\n \nEuropa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas\n\n19 May 2017\n\nEuropa Oil & Gas (Holdings) plc (‘Europa’ or ‘the Company’)\n\n Issue of EA Permit Variation for Wressle Discovery\n\nEuropa Oil & Gas (Holdings) plc, the AIM traded UK and Ireland focused oil and gas exploration, development and production company, notes today’s update by Egdon Resources plc (“Egdon”) regarding the issue by the Environment Agency of the variation to the Mining Waste Permit (“the EA Permit”) for the planned development of, and associated operations at, the Wressle Oil Field at Lodge Farm, North Lincolnshire (“Wressle”).  Europa has a 30%* working interest in Wressle alongside Egdon (operator, 25%), Celtique Energie Petroleum Ltd (30%, after the sale of 3.33% to Union Jack Oil plc which is subject to OGA approval), and Union Jack Oil plc (15%, following the above sale), (together the “Joint Venture Partners”).\n\nThe issue of the EA Permit represents a major regulatory milestone in the proposed development of Wressle, and supports the new Planning Application which was submitted by Egdon on 28 April 2017. \n\nEuropa CEO Hugh Mackay said, “The Environment Agency has taken a long hard look at the partners’ development plans for Wressle and determined that the procedures we propose will prevent, mitigate and minimise any environmental impact at the site.  With this in mind, the partners are confident that the Environment Agency’s comprehensive assessment and positive conclusion will be reflected in the outcome of the new Planning Application.”\n\n*On 24 November 2016, Europa announced it had signed a Sale and Purchase Agreement (‘SPA’) with Upland Resources (UK Onshore) Limited in relation to a 10% interest in PEDLs 180 and 182. Completion of the SPA, which is subject to planning and other approvals would result in Europa retaining a 20% interest in the Licences.\n\n* * ENDS * *\n\nFor further information please visit www.europaoil.com or contact:\n\n\n\nHugh Mackay\nEuropa\n+ 44 (0) 20 7224 3770\n\n\n\nPhil Greenhalgh\nEuropa\n+ 44 (0) 20 7224 3770\n\n\n\nMatt Goode\nfinnCap Ltd\n+ 44 (0) 20 7220 0500\n\n\n\nSimon Hicks\nfinnCap Ltd\n+ 44 (0) 20 7220 0500\n\n\n\nFrank Buhagiar\nSt Brides Partners Ltd\n+ 44 (0) 20 7236 1177\n\n\n\nSusie Geliher\...

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