Union Jack Oil PLC Wressle Planning Appeals Decision (0370B)
05 January 2018 - 6:00PM
UK Regulatory
TIDMUJO
RNS Number : 0370B
Union Jack Oil PLC
05 January 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.
5 January 2018
UNION JACK OIL PLC
(AIM: UJO)
Wressle Development Planning Appeals Decision
Union Jack Oil plc ("Union Jack" or the "Company"), a
UK-focused, onshore oil and gas production and exploration company,
can advise that the Planning Inspectorate has issued its decision
in respect of the Wressle Planning Inquiry. The decision made by
the Inspector is to reject the appeals by Egdon Resources plc (the
"Operator") on behalf of the Wressle joint venture partners against
the two planning refusals by North Lincolnshire County Council's
Planning Committee in respect of the development of the Wressle oil
discovery in licences PEDL180 and PEDL182.
However, the Planning Inspectorate has advised that it did
uphold the Operator's appeal on behalf of the Wressle joint venture
partners against the decision to refuse the application to retain
the existing planning for the well site, which is now retained
until the 28 April 2018.
David Bramhill, Chairman of Union Jack, said:
"The Wressle joint venture partners will now take the
opportunity to consider in detail the reasons for the refusals as
contained in the decision notice and review the options available
to us and will provide a further update in the next few days."
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
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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