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Union Jack Oil PLC (UJO)

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Thursday 22 November, 2018

Union Jack Oil PLC

Wressle Update

RNS Number : 1266I
Union Jack Oil PLC
22 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

 

22 November 2018

 

Union Jack Oil plc

("Union Jack" or the "Company")

Wressle Development Recommended for Approval by Planners

Union Jack Oil plc (AIM: UJO), a UK focused onshore hydrocarbon production, development and exploration company notes the announcement made today by Egdon Resources plc ("Egdon"), in respect of the Wressle Development, in which Union Jack holds a 27.5% working interest.  Egdon included the following encouraging statements:

"Egdon Resources plc (AIM:EDR) is pleased to advise that its application for planning consent for the Wressle Development has received a recommendation for approval (subject to Conditions) from North Lincolnshire Council's Planning Officer. 

This application will be considered by a meeting of the North Lincolnshire Council Planning Committee on 28 November 2018.

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

'I am very pleased that the Council's Planning Officer has recommended approval of the proposed Wressle development, having diligently considered the significant body of additional work and improvements submitted as part of the application.

'The Planning Officer was clear in his report where he stated "it is considered that this new application addresses the concerns raised at the public inquiry and that, as a result of the additional ground investigation, site reconfiguration and improved pollution mitigation and water monitoring arrangements, the reasons given by the Inspector for dismissing the previous appeals have been overcome. This conclusion is confirmed by the external technical experts (JBA Consulting) employed by the Council to carry out a robust review of the new application and its potential environmental impacts".

'We hope that the members of the planning committee will agree with the considered recommendation of their professional planning officer (supported in this case by specialist advisors), the various regulatory authorities and statutory consultees and approve the application at next week's meeting.'"

For further information, please contact:

 

Union Jack Oil plc

+44 (0)7787 160 682

David Bramhill




SP Angel Corporate Finance LLP

+44 (0)20 3470 0470

Nominated Adviser


Lindsay Mair


Richard Hail


 


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