Europa Oil & Gas Provides Update on Holmwood Well, Weald Basin

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Europa Oil & Gas Provides Update on Holmwood Well, Weald Basin

Europa Oil & Gas (Holdings) plc, the AIM traded Ireland and UK focused oil and gas exploration, development and production company, has provided a planning update regarding the Holmwood oil exploration prospect on licence PEDL 143 at Bury Hill Wood, Coldharbour Lane, Surrey. Europa Oil & Gas Limited is operator of PEDL 143 in which it holds a 20% interest.

As previously advised in the Company’s announcement of Oct. 19, 2017, Surrey County Council’s Planning and Regulatory Committee met on Oct. 18, 2017, in connection with a conventional oil exploration well to test the Holmwood prospect. The Committee resolved to defer a decision on Condition 19 (Construction Traffic Management Plan) of the planning permission granted on Aug. 7, 2015. Europa considers that the Constructi on Traffic Management Plan as submitted to SCC on Sept. 21, 2017 for approval satisfactorily meets the requirements of Condition 19.

Europa will shortly submit an appeal to the Planning Inspectorate against the refusal of Surrey County Co uncil to approve the Construction Traffic Management Plan and discharge Condition 19. Europa will also re submit the Construction Traffic Management Plan to SCC for their consideration. In parallel with this Europa will undertake additional consultations with Parish Councils and residents of Coldharbour Lane to provide further information regarding the Traffic Management Plan.

The Resubmittal and the Appeal form part of a dual track approach that Europa and its partners believe provides the best opportunity for a successful planning outcome and which will enable the discharge of Condition 19.


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