Europa Oil & Gas announces that planning consent has been received from North Lincolnshire Council for the further development of the Wressle well site. The approved works will include extending the existing site to accommodate the drilling of two new wells and construction of gas processing facilities and an underground gas pipeline to connect Wressle to the local gas distribution network. The Wressle field is located in onshore licences PEDL180 and PEDL182, situated in North Lincolnshire.

Will Holland, Chief Executive Officer of Europa, said:
"I am very pleased that we have now received the planning permission for the continued development of Wressle. The development programme at Wressle will increase the oil production and monetise the associated gas from the field, which will result in zero routine flaring at site. Domestic production accounts for less than 50% of demand in the UK, yet this provides economic and environmental benefits when compared to imports.

The UK is increasingly reliant on imports as domestic production continues to decline and I believe that domestic production has a vital role to play in the UK as we progress towards the Net Zero 2050 target. I look forward to updating the market further as the Wressle partners continue to progress the field development."

Wressle – The East Midlands (W.I. 30%)

• Egdon Resources (operator): 30%
• Europa Oil & Gas: 30%
• Union Jack Oil: 40%

Wressle continues to exceed the Company’s expectations, generating high levels of production and revenues, with the Wressle-1 well currently amongst the most productive in the onshore UK, producing over 170,000 barrels of oil up to May 2022. In 2022, the North Sea Transition Authority (NSTA) approved the Field Development Plan for the oilfield, ensuring the Wressle project remains on track to transition from an extended well test to production.

Europa is focused on advancing the development plan and consenting process to enable production from the Penistone Flags reservoir, where gross Mid-case Contingent Resources of 1.53 million barrels of oil and 2 billion cubic feet of gas have been independently reported, in addition to progressing gas monetisation and continuing to optimise oil and gas production from the Ashover Grit reservoir.

The Wressle oil discovery straddles PEDL180 and PEDL182. It lies 5km southeast of, and along the same structural trend as, the Europa-operated Crosby Warren field which has been producing oil for almost 30 years. The field was discovered by the Wressle-1 conventional exploration well which was drilled to a total depth of 2,240m (1,814m TVDSS) on 23 August 2014.

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