- Europa Oil & Gas (Holdings) anticipates operations to drill the Holmwood conventional oil exploration well will now start in the first half of 2018 after Surrey County Council's planning and regulatory committee deferred a decision on condition 19 - the traffic management scheme.

Europa said the committee yesterday approved a planning application for a security fence for the drill site but deferred the traffic management scheme decision pending response to further requests for information.

Europa said it would consult with its joint venture partners and advisers and respond to this condition 19 accordingly.

Europa is operator of the Licence in which it holds a 20% interest, alongside UK Oil & Gas Investments plc 30%, Egdon Resources plc 18.4%, Angus Energy plc 12.5%, Warwick Energy 10%, Union Jack Oil plc 7.5% and Altwood Petroleum 1.6%.

At 8:00am: [LON:EOG] Europa Oil Gas Holdings PLC share price was -0.38p at 5.63p

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