REG - Europa Oil & Gas - Wressle Planning Update

Europa Oil & Gas (Holdings)Announcement

12/11/2024 07:00

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RNS Number : 7809L  Europa Oil & Gas (Holdings) PLC  12 November 2024

 

12 November 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,
confirms that, further to the RNS dated 18 October 2024, the planning
permission for the Wressle development granted on 13 September 2024 has been
formally rescinded on the basis that North Lincolnshire Council ("NLC")
omitted to consider the likely Scope 3 GHG (Greenhouse gas) emissions
associated with the project when determining if the proposed development
required an Environmental Impact Assessment (EIA). This ruling follows the
Supreme Court Finch ruling in June 2024 which post-dated the original EIA
screening decision by NLC made in July 2023.

 

Egdon Resources UK Limited, the operator of the Wressle field, will now
provide NLC with an analysis of the Scope 3 GHG emissions for the proposed
development conducted by a third-party specialist company and request a new
EIA screening opinion.  Depending upon the outcome of this decision a new
determination of the Wressle planning application will be made based either on
the existing submitted information or with the requirement for a new
Environmental Statement.

 

Europa holds a 30% interest in the Wressle development.

 

Will Holland, Chief Executive Officer of Europa, said:

 

"We are confident that the third-party Scope 3 GHG analysis will demonstrate
that the environmental logic of the proposed Wressle development is
compelling. Developing domestic hydrocarbons is in the best interests of the
UK, not only from an environmental perspective, but also because it provides
national security of oil and gas supply in uncertain times. I look forward to
updating the market further in due course."

 

* * 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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