DECC Approvals
The Directors of Europa Oil & Gas (Holdings) plc are pleased to announce that
the Department of Energy and Climate Change (DECC) has advised the company of
the following:
1. Agreement to a 2 year extension of the PEDL143 licence, containing the
Holmwood Prospect, to October 2012 and
2. Agreement in principle* to a 6 month Extended Well Test on the Hykeham-1Z
well (PEDL150), anticipated to commence in late January 2010.
Paul Barrett, Managing Director of Europa, said `The PEDL143 extension is a
response to the time taken to complete the planning process for the Holmwood-1
exploration well. We anticipate Surrey County Council Planning Department will
be in a position to submit their recommendation to the Planning Committee in
March 2010, which could see the well drilled in late 2010 or early 2011.
With regards to Hykeham, DECC have accepted Europa's technical arguments that a
long test will be required to evaluate reserves volumes and plan for
development.'
For further information, please contact:
Paul Barrett Europa Oil & Gas +44 1235 553 266
Jonathan Wright Seymour Pierce +44 20 7107 8000
* Subject to Planning Consent