Union Jack Oil plc (LON:UJO), a UK-focused, onshore oil and gas production and exploration company noted the announcement released this morning by Europa Oil & Gas (Holdings) plc (LON:EOG), in respect of PEDL143, where Union Jack holds a 7.5% interest. Europa included the following statements:
“Europa, the AIM traded UK and Ireland focused oil and gas exploration, development and production company is pleased to provide a planning update regarding the Holmwood oil exploration prospect (“Holmwood”) on license PEDL143 at Bury Hill Wood, Coldharbour Lane, Surrey. Europa is operator of PEDL143 in which it holds a 20% interest.
As previously advised in the Company`s announcement dated 19 October 2017, Surrey County Council`s (“SCC”) Planning and Regulatory Committee met on 18 October 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 7 August 2015. Europa considers that the Construction Management Plan as submitted to SCC on 21 September 2017 for approval satisfactorily meets the requirements of Condition 19.
Europa Oil & Gas (Holdings) plc will shortly submit an appeal (“the Appeal”) to the Planning Inspectorate against the refusal of SCC to approve the Construction Traffic Management Plan and discharge Condition 19.
Europa will also resubmit the Construction Management Plan to SCC for their consideration (“the Resubmittal”). 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 the Joint Venture Partners believe provides the best opportunity for a successful planning outcome and which will enable the discharge of Condition 19.”
