Wressle Development Public Inquiry Concluded

RNS Number : 7117S

Egdon Resources PLC

08 November 2019

 

8 November 2019

EGDON RESOURCES PLC

("Egdon" or "the Company")

Wressle Development Public Inquiry Concluded

Egdon Resources plc (AIM:EDR) is pleased to provide an update on the Wressle Development Public Inquiry.

The Wressle Development Public Inquiry concluded yesterday, having commenced on 5 November 2019 in Scunthorpe, Lincolnshire.  The inquiry lasted just three days, including a site visit, instead of the planned six days.  As previously announced North Lincolnshire Council presented no evidence against the appeal. An application for costs has also been submitted.

With a general election underway and resultant Planning Inspectorate purdah we expect a verdict on our appeal after 12 December 2019 but probably before the end of the year.

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

"We presented a very strong case, supported by detailed evidence and agree with the conclusions of the Council's own professional planning officer. This was reinforced by an expert third party review undertaken on behalf of the Council, who recommended our revised application for approval ahead of the November 2018 decision."

For further information please contact:

Egdon Resources plc

Mark Abbott / Martin Durham                                                     01256 702 292

Buchanan

Ben Romney, Chris Judd                                                            020 7466 5000

Nominated Adviser and Joint Broker - Cantor Fitzgerald Europe                    

David Porter/ Rick Thompson (Corporate Finance)                   020 7894 7000

Caspar Shand Kydd (Sales)

Joint Broker - VSA Capital Limited

Andrew Monk (Corporate Broking)                                              020 3005 5000

Andrew Raca (Corporate Finance)

Notes to Editors:

Egdon Resources plc (LSE: EDR) is an established UK-based exploration and production company focused on onshore exploration and production in the hydrocarbon-producing basins of the UK. 

Egdon holds interests in 44 licences in the UK and has an active programme of exploration, appraisal  and development within its portfolio of oil and gas assets.  Egdon is an approved operator in the UK.  Egdon was formed in 1997 and listed on AIM in December 2004.

Qualified Person Review

In accordance with the AIM Rules - Note for Mining and Oil and Gas Companies, this release has been reviewed by Mark Abbott, Managing Director of Egdon, who is a geoscientist with over 30 years' experience and is a member of the Petroleum Exploration Society of Great Britain and a Fellow of the Geological Society.  Mr Abbott has consented to the inclusion of the technical information in this release in the form and context in which it appears.

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.

 

END

 

 

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