Analysts back Wressle partners Europa Oil & Gas, Egdon Resources and Union Jack after planning disappointment
Union Jack shares were down 13% following the news, meanwhile, both Europa and Egdon were also on the back foot
Company
LON:EOG
Europa Oil & Gas (Holdings) plc is an exploration and production company focused on developing its balanced portfolio of assets in the North Sea, Atlantic Ireland and West Africa, supported by revenue from onshore oil production in the UK.
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Union Jack shares were down 13% following the news, meanwhile, both Europa and Egdon were also on the back foot
A look at some of the top risers and fallers in London today
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A glance at some of the day's highlights from the Proactive Investors newswire
"The decision of the committee is clearly disappointing given that the application had been recommended for approval,” said Mark Abbott, managing director of project operator Egdon Resources
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FTSE 100 lost almost 77 points to close the day at 7,575, while FTSE 250 was also down, off over 252 points at 20,548
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A look at some of the biggest risers and fallers in London on Tuesday
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A glance at some of the day's highlights from the Proactive Investors newswire
In order to advance the ‘Horse Hill-alike’ oil project, Europa will today submit a planning application to Surrey County Council seeking a variation of conditions under a prior appeal decision
The global financial body added that several countries, including the US and UK, had excessive current account deficits and borrowed too much
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A glance at some of the top stories in the oil and gas sector
Some of the main news-driven risers and fallers in London on Thursday ...
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A glance at some of the day's highlights from the Proactive Investors newswire
Europa today opens its data room process as part of its partnering negotiations, and, thanks to its latest analysis the explorer is increasingly confident
Sterling was also stronger - up 0.06% to 1.1318 against the Euro and up 0.12% versus the US dollar
It was another busy week for the oil sector, especially those investing onshore UK.
The initial planning application for the development of Wressle was rejected last summer, since when the partners have worked hard to address any concerns
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A glance at some of the day's highlights from the Proactive Investors newswire
It was another busy week in the oil and gas sector, thanks to project updates and a variety of progress reports.
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Tuesday