Wressle Development Appeal Granted

RNS Number : 2174A

Union Jack Oil PLC

17 January 2020

 

Market Abuse Regulation (MAR) Disclosure Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement

17 January 2020

Union Jack Oil plc

("Union Jack" or the "Company")

Wressle Development Granted Planning Consent on Appeal

Union Jack Oil plc (AIM: UJO), a UK focused onshore hydrocarbon production, development and exploration company is pleased to report that the Planning Inspectorate has today upheld the appeal and granted planning consent for the development of the Wressle Oil Field in North Lincolnshire licences PEDL180 and PEDL182.  Union Jack holds a 27.5% economic interest in PEDLs 180/182.

The Inspector also allowed the application for an award of costs against North Lincolnshire Council.

David Bramhill, Executive Chairman of Union Jack Oil plc, commented:

"The Board of Union Jack is delighted with this positive outcome.

"The operator will, on behalf of the Joint Venture partners, begin work on discharging the planning conditions and detailed planning for development of the Wressle Oil Field.

"Shareholders and the local community will be informed of developments in due course"

For further information, please contact:

Union Jack Oil plc	[phone]
David Bramhill
SP Angel Corporate Finance LLP	[phone]
Nominated Adviser and Broker
Richard Morrison
Richard Hail
Stephen Wong
Blytheweigh Communications Limited	[phone]
Financial PR
Tim Blythe
Megan Ray
Cassiopeia Services Ltd	[phone]
Public Relations
Stefania Barbaglio

 

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