Wressle Development - New Planning Application

RNS Number : 9713D

Union Jack Oil PLC

03 May 2017

 

3 May 2017

UNION JACK OIL PLC

 (AIM: UJO)

Wressle Development - New Planning Application

Union Jack Oil plc ("Union Jack" or the "Company"), a UK-focused, onshore oil and gas exploration and production company, is pleased to announce an update in respect of a new planning application regarding the Wressle conventional development, located within PEDL180 and PEDL182, of which, Union Jack holds a 15% interest (3.33% subject to approval from the Oil and Gas Authority).

The Operator, Egdon Resources plc ("Egdon"), announced today that a new Planning Application ("the Application") was submitted for the Wressle development on 28 April 2017.

The Application includes additional detailed information to address the specific concerns raised by North Lincolnshire Council in its 11 January 2017 decision to decline planning consent for the development of the Wressle Oil Field at Lodge Farm, Wressle, North Lincolnshire.  The application will now be validated by North Lincolnshire Council's planning department, a process that usually takes up to 14 days.

As previously announced on 11 April 2017, Egdon has already submitted an appeal against North Lincolnshire County Council`s decision to decline planning consent.

Egdon believes that this dual track approach will provide the best opportunity for a successful outcome with the minimum delay.

For further information, please contact:
Union Jack Oil plc	[phone]
David Bramhill
SP Angel Corporate Finance LLP	[phone]
Nominated Adviser and Broker
Lindsay Mair
Stephen Wong
Richard Hail

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

 

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