Wressle Planning Decision

RNS Number : 8132I

Union Jack Oil PLC

28 November 2018

 

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.

28 November 2018

UNION JACK OIL PLC

("Union Jack" or the "Company")

Wressle Planning Permission Denied

Union Jack Oil plc (AIM: UJO), a UK-focused, onshore oil and gas production and exploration company, 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 within licences PEDL180 and PEDL182. 

Union Jack holds an 27.5% interest in both licences.

Egdon's RNS contained the following information:

"Egdon Resources plc (AIM:EDR) advises that its application for planning consent for the Wressle Development was refused at today's meeting of the North Lincolnshire Council Planning Committee ("the Committee"). The application had been recommended for approval by North Lincolnshire County Council's planning officers.

Mark Abbott, Managing Director of Egdon Resources plc, said:

'The decision of the Committee, whilst not entirely unexpected, is nonetheless disappointing given that the application had been recommended for approval by North Lincolnshire Council's own professional planning officer who had the benefit of a positive assessment by specialist independent technical consultants.

We agree with the conclusion of the planning officer and the independent consultants and strongly believe the new application for the development of the Wressle oil field fully and comprehensively addresses the reasons for the refusal of the original planning applications and the subsequent appeals and therefore intend to appeal this decision without delay.  We will begin preparing the appeal documentation on receipt of the Committee's decision notice.'"

For further information, please contact: 

Union Jack Oil plc	[phone]
David Bramhill
SP Angel Corporate Finance LLP	[phone]
Nominated Adviser
Lindsay Mair
Richard Hail

 

END

 

 

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