Union Jack Oil PLC Holmwood Planning Update (0035U)
19 October 2017 - 5:00PM
UK Regulatory
TIDMUJO
RNS Number : 0035U
Union Jack Oil PLC
19 October 2017
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.
19 October 2017
UNION JACK OIL PLC
(AIM: UJO)
Holmwood Planning Update
Union Jack Oil plc ("Union Jack" or the "Company"), a
UK-focused, onshore oil and gas production and exploration company
notes the announcement released this morning by Europa Oil &
Gas (Holdings) plc ("Europa"), in respect of PEDL143, where Union
Jack holds a 7.5% interest. Europa included the following
statements:
"Europa Oil & Gas (Holdings) plc, a UK and Ireland focussed
exploration, development and production company notes the outcome
of the Surrey County Council Planning and Regulatory Committee
meeting on 18 October 2017 in connection with a conventional oil
exploration well to test the Holmwood prospect at Bury Hill Wood,
Coldharbour Lane, Surrey:
-- A planning application for a security fence for the drill
site was approved by Surrey County Council ('SCC') at the Planning
and Regulatory Committee meeting on 18 October 2017.
-- The Planning Committee elected to defer a decision on
Condition 19 (Traffic Management Scheme) pending response to
further requests for information from the Planning Committee.
Europa will consult with its joint venture partners and advisers
and respond to SCC on Condition 19 accordingly.
As a consequence of the deferred decision on Condition 19, the
Company advises that it anticipates operations to drill the
Holmwood conventional oil exploration well will now commence in H1
2018."
The interests held in PEDL143 are as follows:
Europa Oil & Gas (Holdings)
plc (operator) 20.00%
----------------------------- -------------------------------
UK Oil & Gas Investments
plc 30.00%
----------------------------- -------------------------------
Egdon Resources plc 18.40%
----------------------------- -------------------------------
Angus Energy plc 12.50%
----------------------------- -------------------------------
Warwick Energy 10.00% (sold to UK Oil
& Gas Investments plc subject
to OGA approval)
----------------------------- -------------------------------
Union Jack Oil plc 7.50%
----------------------------- -------------------------------
Altwood Petroleum Limited 1.60%
----------------------------- -------------------------------
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 and
Joint Broker
Lindsay Mair
Stephen Wong
Richard Hail
Turner Pope Investments
(TPI) Ltd +44 (0)20 3621 4120
Joint Broker
Ben Turner
James Pope
This information is provided by RNS
The company news service from the London Stock Exchange
END
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