Business
Update on Holmwood Well
Update on Holmwood Well.
About this update from Uk Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 0672U UK Oil & Gas Investments PLC 19 October 2017 \n\nUK Oil & Gas Investments PLC\n(\"UKOG\" or \"the Company\")\n \nUpdate on Holmwood Well, PEDL143, Weald Basin, UK\n \nUK Oil & Gas Investments PLC (London AIM: UKOG) notes the release made this morning by Europa Oil and Gas Holdings) plc (\"Europa\") in respect of PEDL143 where UKOG holds a 30% interest, increasing to 40% on completion of the recently announced transaction with Warwick Energy Exploration and Production Limited.\n \nEuropa included the following statements:\n \n\"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:\n \n· 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.\n \n· 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.\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 \nFor further information, please contact:\n \nUK Oil & Gas Investments PLC\nStephen Sanderson / Kiran Morzaria Tel: 01483 243450 \n \nWH Ireland (Nominated Adviser and Broker)\nJam...