Europa Oil & Gas (Holdings) Plc - Wressle Planning Meeting

London, June 29

30 June 2017

Europa Oil & Gas (Holdings) plc (‘Europa’ or ‘the Company’)

Wressle Planning Meeting

Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, notes today’s update from Egdon Resources (‘Egdon’) that North Lincolnshire County Council’s Planning Committee will meet on Monday 3 July 2017 to determine the new planning application for the development of the Wressle Oil Field (‘Wressle’) on PEDLs 180 and PEDL 182 (‘the Licences’). 

The new application, which has received a recommendation for approval from North Lincolnshire County Council’s Planning Department, includes additional detailed information to address the specific concerns raised by North Lincolnshire County Council in its 11 January 2017 decision to refuse the original application.

Europa has a 30% working interest in Wressle alongside Egdon (operator, 25%), Celtique Energie Petroleum Ltd (30%, after the sale of 3.33% to Union Jack Oil plc which is subject to OGA approval), and Union Jack Oil plc (15%, following the above sale).  On 24 November 2016, Europa announced it had signed a Sale and Purchase Agreement (‘SPA’) with Upland Resources (UK Onshore) Limited (‘Upland’) in relation to a 10% interest in PEDLs 180 and 182.  Completion of the SPA, which is subject to approval from the Oil & Gas Authority, would result in Europa retaining a 20% interest in the Licences.