Business
Wressle Oil Field Planning Appeal Update
Wressle Oil Field Planning Appeal Update.
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\n29 July 2019\n\nEuropa Oil & Gas (Holdings) plc (‘Europa’ or ‘the Company’)\n\nWressle Oil Field Planning Appeal Update\n\nEuropa Oil & Gas (Holdings) plc, the UK and Ireland focused oil and gas exploration, development and production company, notes today’s update from Egdon Resources (‘Egdon’) that North Lincolnshire Council (‘the Council’) has withdrawn its case in respect of the upcoming appeal against the refusal of planning consent by the Council’s Planning Committee for the development of the Wressle Oil Field (‘the Appeal’). This follows a closed meeting held on 17 July 2019 during which the Council elected not to present evidence at the Public Inquiry that is scheduled to hear the Appeal on 5 November 2019.\n\nEuropa has a 30% working interest in licence PEDL 180 in the East Midlands (‘the Licence’) which holds the Wressle oil discovery, alongside Egdon (operator, 30%), Union Jack Oil (27.5%), and Humber Oil & Gas Limited (12.5%) (together ‘the Partners’).\n\nThe withdrawal of the Council’s case in respect of the Appeal remains subject to the agreement of acceptable planning conditions. The Partners welcome the Council’s decision and look forward to continuing supporting Egdon, in its capacity as operator of the Licence, as it seeks to obtain planning permission via appeal and prepares to present the case for the development of the Wressle Oil Field to the independent professional Planning Inspector in November 2019. \n\nThe Wressle oil field was discovered in 2014 by the Wressle-1 well. During testing, a total of 710 barrels of oil equivalent per day were recovered from three separate reservoirs, the Ashover Grit, the Wingfield Flags and the Penistone Flags. In September 2016, a Competent Person’s Report provided independent estimates of reserves and contingent and prospective oil and gas resources for the Wressle discovery of 2.15 million stock tank barrels classified as discovered (2P+2C). Under the proposed development plan, Wressle would commence production at an initial gross rate of 500bopd. At this rate, Europa’s existing UK onshore production would double to over 200bopd.\n\nThe information communicated in this announcemen...