• UK

UK

Europa operates a number of exploration licences in the UK:

  • PEDL180 - The Wressle prospect located in the East Midlands Petroleum Province has estimated mean gross unrisked recoverable resources of 2.41mmbo. Europa has a 33.3% working interest share in the prospect with its partners Egdon Resources 25%, Celtique 33.3% and Union Jack 8.3%. Drilling on the site is targeted for late 2013
  • PEDL181 - the Kiln Lane prospect located in the East Midlands Petroleum Province has estimated mean gross unrisked recoverable resources of 2.9mmbo. Europa has a 50% working interest share in the prospect with its partners Egdon Resources (25%) and Celtique (25%). Drilling on the site is targeted for H2 2014. PEDL181 covers an area of over 540km2 and is located in the Carboniferous petroleum play in a working hydrocarbon system where a number of other conventional oil and gas discoverins have been made in adjacent licences. PEDL181 itself has been overlooked by the industry and has not been previouisly drilled. The Board is also aware that the area may have potential as a shale gas resource. Europa has conducted considerable technical work on PEDL181 during the last 18 months including acquisition of 78km 2-D seismic in Q1 2013, re-processing of an existing 150km2 3-D survey, together with detailed regional evaluation and prospect specific mapping. The outcome of this work is the identification of a drillable conventional oil and gas prospect at the Kiln Lane location in the east of the licence approximately 28km from Europa's producing Crosby Warren oil field. This previously unknown prospect is a robust structural closure prospective for Carboniferous sandstone reservoirs. Exploration success at this location would be a significant milestone and would substantially de-risk a number of conventional oil and gas leads for possible follow-up drilling.
  • PEDL182 - The Broughton prospect is located in the East Midlands Petroleum Province and was previously drilled by BP who found oil. Broughton has estimated mean gross unrisked recoverable resources of 1.85mmbo. Working interest shares are as above. 49 sq km of 3D seismic acquisition has been processed.
  • PEDL143 - The Holmwood prospect located in the Weald Basin, Surrey, has mean gross recoverable resources of 5.64mmbo. The licence covers an area of 5 sq km and is a Jurassic carbonate and sandstone project with a relatively low geological risk profile. Europa has a 40% working interest in the licence, Egdon Resources 38.4%, Altwood Petroleum 1.6%, and Warwick Energy 20%.

    The prospect lies south of Dorking within the Surrey Hills Area of Outstanding Natural Beauty and an application to construct a temporary exploration well on the site was originally made in 2008. This application was refused in 2011 by Surrey County Council contrary to their planning officers recommendation to approve. An appeal to overturn the decision was heard at a public inquiry in July 2012. The appeal was dismissed on 26 September 2012.

    As announced on 1 November 2012, Europa, along with its partners, applied for an order to quash the decision of the Secretary of State for Communities and Local Governments appointed Inspector to dismiss the appeal. On 25 July 2013 in the Royal Courts of Justice the judge, Mr Justice Ouseley, gave judgment in favour of quashing the Inspectors decision. The judge also granted the Leith Hill Action Group (LHAG) leave to appeal to the Court of Appeal against his judgment. On 19 September 2013, LHAG submitted an appeal to the Court of Appeal. The hearing took place on 30 April 2014 and a decision is expected during May 2014. If the Court rules in favour of Europa, the appeal will be remitted to the Planning Inspectorate for redetermination, which may involve a further planning inquiry, for the exploratory drill site at Holmwood.