Europa Oil & Gas drops as North Yorkshire refuses planning for potential gas drilling

Europa Oil & Gas (Holdings) Plc (AIM:EOG, FRA:EGN) shares fell 8.3% to 1.33p after North Yorkshire Council refused planning permission for the Cloughton gas appraisal well in North Yorkshire. The AIM-listed oil and gas group said the decision went against the recommendation of the council's own planning officers, who had advised the local planning authority to approve the application following reviews by 13 independent experts.