- Europa Oil & Gas (Holdings) has issued a planning update regarding the Holmwood oil exploration prospect (on licence PEDL 143 at Bury Hill Wood, Coldharbour Lane, Surrey.

Europa Oil & Gas Limited is operator of PEDL 143 in which it holds a 20% interest.

Europa said that as previously advised in the company's announcement of 19 Oct Surrey County Council's planning and regulatory committee met on 18 Oct in connection with a conventional oil exploration well to test the Holmwood prospect.

The committee resolved to defer a decision on condition 19 (construction traffic management plan) of the planning permission granted on 7 Aug 2015.

Europa considers that the construction traffic management plan as submitted to SCC on 21 Sep 2017 for approval satisfactorily meets the requirements of condition 19.

Europa said it would shortly submit an appeal to the planning inspectorate against the refusal of Surrey County Council to approve the construction traffic management plan and discharge condition 19.

Europa said it would also resubmit the construction traffic management plan to SCC for its consideration.

In parallel with this Europa will undertake additional consultations with parish councils and residents of Coldharbour Lane to provide further information regarding the traffic management plan.

It said 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. At 8:21am: [LON:EOG] Europa Oil Gas Holdings PLC share price was -0.13p at 5.75p

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