Egdon Resources has noted an update by Euopa Oil & Gas (Holdings) on the Holmwood well in the Weald Basin following last night's decision by Surrey County Council's planning and regulatory committee to defer a decision on condition 19 - the traffic management scheme.
Euopa said a planning application for a security fence for the drill site was approved.
It said it would consult with its joint venture partners and advisers and respond to SCC on condition 19 accordingly.
It said that as a consequence of the deferred decision, it anticipated operations to drill the Holmwood conventional oil exploration well would now commence in H1 2018.
Egdon Resources has a 18.4% interest in the well.