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Update on Holmwood well, PEDL 143, Weald Basin
Update on Holmwood well, PEDL 143, Weald Basin.
About this update from Europa Oil & Gas (holdings) Plc
[{"type":"text","content":"\n \nEuropa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas\n\n19 October 2017\n\nEuropa Oil & Gas (Holdings) plc (‘Europa’ or ‘the Company’)\n\n Update on Holmwood well, PEDL 143, Weald Basin \n\nEuropa 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:\n\n\nA 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.\n\n\n\nThe Planning Committee elected to defer a decision on Condition 19 (Traffic Management Scheme) pending response to further requests for information from the Planning Committee.\n\n\nEuropa will consult with its joint venture partners and advisers and respond to SCC on Condition 19 accordingly. \n\nAs 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\n\nEuropa 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%.\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\nSt Brides Partners Ltd\n+ 44 (0) 20 7236 1177\n\n\n\nNotes\n\nEuropa 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 prospectiv...