Egdon Resources PLC Wressle Planning Update (9474G)
29 July 2019 - 4:01PM
UK Regulatory
TIDMEDR
RNS Number : 9474G
Egdon Resources PLC
29 July 2019
29 July 2019
EGDON RESOURCES PLC
("Egdon" or "the Company")
Wressle Planning Appeal Update
Egdon Resources plc (AIM: EDR) notes the movement in its share
price and the speculation surrounding the Wressle Oil Field. As
notified on 29 April 2019, the planning inquiry to hear the
Company's appeal against the refusal of planning consent for the
development of the Wressle Oil Field by North Lincolnshire
Council's Planning Committee is scheduled to commence on 5 November
2019.
The Company has been advised that following a closed meeting
held by North Lincolnshire Council ("NLC") on 17 July 2019, a
decision has been made that NLC will not be presenting evidence at
the Public Inquiry and will withdraw its case in respect of this
appeal subject to the agreement of acceptable planning
conditions.
While the Company considers this to be a very positive
development, we still need to obtain planning permission via appeal
and the Company remains focused on presenting its case for the
Wressle development to the independent professional Planning
Inspector in November.
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 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)
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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