Europa Oil & Gas Receives Approval for Wressle Well Expansion, Plans for Increased Gas Production

Proactive - Interviews for investors

Europa Oil & Gas CEO Will Holland joined Steve Darling from Proactive to share news the company has received planning consent from North Lincolnshire Council for further development of the Wressle well site. The plans include extending the site to drill two new wells and constructing gas processing facilities and an underground gas pipeline to connect Wressle to the local distribution network. Holland emphasized the importance of the Wressle field, located in onshore licences PEDL180 and PEDL182 in North Lincolnshire. The development will boost oil production and monetize associated gas from the field, leading to zero routine flaring at the site. Holland also highlighted that while domestic oil production meets less than 50% of UK demand, Wressle’s contribution provides both economic and environmental advantages over importing energy. #proactiveinvestors #europaoil&gasplc #aim #eog #oil #gas #WressleWell #CloughtonGasField #NaturalGas #UKEnergy #NetZero #GasProduction #OnshoreGas #OilAndGasDevelopment #EnergyTransition #lng_transactionsite#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews