Europa Oil & Gas (Holdings) plc announces that Egdon Resources plc ('Egdon'), the operator of Licence PEDL 180, has received planning approval from North Lincolnshire Council to drill an exploratory borehole on Licence PEDL 180 targeting the Wressle prospect in onshore UK in the second half of 2013. Europa has a 33.34% working interest in the block, alongside Celtique Energie Petroleum Ltd (33.33%), Egdon (25% interest and operator) and Union Jack Oil plc (8.33%).

PEDL180 covers an area of 100 km2 on the western margin of the Humber Basin in the East Midlands Petroleum Province. The Wressle-1 well will target the highly petroliferous Brigg Broughton anticline trending WNW through PEDLs 180, 182 and 241. Several oil discoveries have been made along this trend at Brigg, Broughton and Glanford and it also includes the Crosby Warren oil field operated by Europa. The operator estimates Wressle holds mean gross unrisked prospective resources of 2.1 million barrels of oil.

Tags: Europa Oil & Gas (Holdings) plc