Wressle Public Inquiry Concluded

RNS Number : 7185S

Union Jack Oil PLC

08 November 2019

 

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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

8 November 2019

Union Jack Oil plc

("Union Jack" or the "Company")

Wressle Development Public Inquiry Concluded

Union Jack Oil plc (AIM: UJO), a UK focused onshore conventional hydrocarbon production, development and exploration company is pleased to provide an update on the Wressle Development Public Inquiry (the "Public Inquiry").

Union Jack holds a 27.5% interest in PEDL180 and PEDL182, which contains the Wressle hydrocarbon discovery.

The Public Inquiry concluded on 7 November 2019, having commenced on 5 November 2019 in Scunthorpe, Lincolnshire. The Public Inquiry, which included a site visit, lasted three days, instead of the planned six days. As previously announced, North Lincolnshire Council presented no evidence. An application for costs has also been submitted.

With a general election campaign underway and Planning Inspectorate purdah in place, the Company and its joint venture partners at Wressle expect a decision on the Public Inquiry to be announced after 12 December 2019, the date of the general election, and before the end of 2019.

David Bramhill, Executive Chairman of Union Jack, commented:

"Union Jack, whose representatives were in attendance for all three days of the Planning Inquiry, believes that the Operator, Egdon Resources plc, presented an extremely strong case on behalf of the joint venture partners, supported by their expert witness team."

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
Jane Lenton
Cassiopeia Services Ltd	[phone]
Public Relations
Stefania Barbaglio

 

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