Planning Permission for Gravel Pits-1 

PEDL 150 licence.

Valhalla Oil and Gas Limited are pleased to announce that Lincolnshire County Council has granted planning permission to drill the Gravel Pits-1 well, on the PEDL 150 licence. The operator, Europa Oil & Gas (Holdings) plc intends to commence site preparations as soon as possible.  Timing of drilling is subject to rig availability in the current tight UK onshore rig market.