REG - Europa Oil & Gas - Wressle Planning Update

Europa Oil & Gas (Holdings)Announcement

18/10/2024 07:00

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RNS Number : 6719I  Europa Oil & Gas (Holdings) PLC  18 October 2024

Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil
& Gas

 

18 October 2024

 

Europa Oil & Gas (Holdings) plc

("Europa" or the "Company")

 

Wressle Planning Update

Europa Oil & Gas (Holdings) plc, the AIM quoted UK, Ireland and West
Africa focused oil and gas exploration, development and production company,
advise that further to the RNS dated 17 October 2024 the operator of Wressle,
Egdon Resources UK Limited ("Egdon") has now been informed by North
Lincolnshire Council ("NLC") that following receipt of legal opinion and in
light of the Finch Supreme Court decision, NLC will not seek to resist the
proposed legal challenge brought in respect of NLC's decision to grant the
planning consent for further development of the Wressle well site (see RNS
dated 16 September 2024). The proposed legal challenge is based on NLC
omitting to consider the likely Scope 3 GHG (Greenhouse gas) emissions in
determining if the proposed development required an Environmental Impact
Assessment.

 

Having sought their own legal advice, the Wressle Joint Venture partners have
concluded they would not be in a position to defend the proposed legal claim.
As such it is fully expected that the planning consent will be quashed once
the court process has concluded.

 

The forward plan, on conclusion of the court process, is to seek a new
screening opinion from NLC with additional supporting data that details the
likely Scope 3 GHG (Greenhouse gas) emissions. Depending on the outcome of
this screening opinion either the existing "live" application would be
redetermined by NLC or an Environmental Impact Assessment would be submitted.

 

This decision has no effect on the ongoing current operations or production at
Wressle, which remains profitable.

 

* * ENDS * *

 

For further information, please visit www.europaoil.com
(http://www.europaoil.com/)  or contact:

 

 William Holland                                     Europa Oil & Gas (Holdings) plc            mail@europaoil.com

 Samantha Harrison / Ciara Donnelly / Elliot Peters  Grant Thornton UK LLP - Nominated Adviser  +44 (0) 20 7383 5100

 Peter Krens                                         Tennyson Securities                        +44 (0) 20 7186 9033

 Patrick d'Ancona / Finlay Thomson / Kendall Hill    Vigo Consulting                            +44 (0) 20 7390 0230

 

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