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Europa Oil & Gas Holdings takes two-track approach for Holmwood planning

Europa confirmed that will a resubmit a Traffic Management Plan to the council and that it intends to appeal to the planning inspectorate
oil and gas operations
A planning decision was deferred last month

Europa Oil & Gas Holdings Plc (LON:EOG) has confirmed it is following a two-track strategy ito secure planning permission for the proposed Holmwood well near the Horse Hill site in Surrey.

Surrey County Council’s planning committee last month deferred a decision, citing the traffic management plan attached to Europa's application for Holmwood.

READ: Europa Oil & Gas now expects Holmwood drilling in 2018 as Surrey defers decision

In a statement on Tuesday, Europa confirmed that will a resubmit a Traffic Management Plan to the council and that it intends to appeal to the planning inspectorate.

Additionally, the company said it will undertake additional consultations with parish councils and residents of Coldharbour Lane to provide further information regarding the Traffic Management Plan.

READ: Europa Oil & Gas expects more progress offshore Ireland and onshore UK

“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 [which relates to traffic management],” Europa said in a statement.

Europa is the operator of the Holmwood project, it holds a 20% stake, meanwhile the venture also includes UK Oil & Gas Investments PLC (LON:UKOG) with 30%, Egdon Resources Ltd (LON:EDR) with 18.4%, Angus Energy Plc (LON:ANGS) with 12.5%, and Union Jack Oil PLC (LON:UJO) which as 7.5%.

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