Wressle Planning Decision

RNS Number : 9425T

Union Jack Oil PLC

11 January 2017

 

Union Jack Oil plc

(AIM: UJO)

Wressle Planning Decision

Union Jack Oil plc ("Union Jack" or the "Company"), an onshore oil and gas production and exploration company with a focus on production, exploration, development and investment in the United Kingdom hydrocarbon sector, notes that Egdon Resources PLC ("Egdon") has released an RNS regarding the planning decision by the North Lincolnshire County Council's Planning Committee in respect of the development of the Wressle Oil Field in North Lincolnshire licences PEDL180 and PEDL182.  

Union Jack holds an 11.67% interest in both licences.

Egdon's RNS contained the following information:

Egdon Resources plc (AIM:EDR) announces that the North Lincolnshire County Council's Planning Committee has today refused planning consent for the development of the Wressle Oil Field at Lodge Farm, Wressle, North Lincolnshire.

At the same meeting the application for the installation of groundwater monitoring boreholes was approved.

Mark Abbott Managing Director of Egdon Resources plc, said:

"We are very disappointed by the decision of the Committee that goes against the positive recommendation of their Planning Officer which was determined after an extensive and thorough review of our proposals.

Our business has been operating exploration and production sites in a safe and environmentally sensitive manner across the region for many years, engaging with communities, employing local people and investing in the local supply chain.

We will now take time to consider our options including our right to bring forward an appeal."

For further information please contact the following:

Union Jack Oil plc David Bramhill	[phone]
Shore Capital Nominated Adviser Edward Mansfield Anita Ghanekar Corporate Broking Jerry Keen	[phone]
SP Angel Joint Broker Richard Hail	[phone]
Yellow Jersey PR Limited Public Relations Dominic Barretto	[phone]

 

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