Proactive Investors - Run By Investors For Investors

Europa-operated Holmwood exploration project gets support from Environment Agency

"We are pleased to have reached this important stage in the environmental permitting process,” said Hugh Mackay, Europa chief executive
oil and gas operations
There'll now be a four week public consultation

Europa Oil & Gas Plc (LON:EOG) has told investors that the UK Environment Agency has indicated in a draft decision advertisement that it is inclined to award a bespoke environmental permit for drilling and testing for the Holmwood exploration well.

There will now be a four week public consultation process, taking place between February 15 to March 15.

WATCH: Europa Oil & Gas welcomes support for Holmwood from Environment Agency

"We are pleased to have reached this important stage in the environmental permitting process,” said Hugh Mackay, Europa chief executive.

“Whilst we are still in the determination process and a final decision has not been made, it is nonetheless positive that the Environmental Agency is inclined to approve.

“We look forward to the outcome of the consultation process and will keep shareholders updated."

READ: Europa and Union Jack Oil boosted by Egdon’s decision to make new planning application for Wressle oil project

Europa is the operator at Holmwood, holding a 20% stake in the project alongside a number of exploration partners – including UK Oil and Gas Investments Plc (LON:UKOG) with 30%, Union Jack Oil PLC (LON:UJO) and Angus Energy Plc (LON:ANGS).

View full EOG profile View Profile

Europa Oil & Gas (Holdings) Plc Timeline

Related Articles

Oil rig drilling
October 19 2017
In a trading update in May, the AIM-listed firm said discussions over contracts are taking longer than expected to conclude, although it still anticipated orders under negotiation will come through in its financial year ending in June 2018
oil and gas operations
October 05 2017
Sound Energy is stripping out its Italian assets as it continues to focus on new Moroccan programmes
picture of wind turbines
January 11 2018
The construction of more than 600 wind turbines was funded by securing US$1bn of financing during the year.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use