Union Jack Oil PLC Wressle Planning Appeal Update (3100X)
29 April 2019 - 4:00PM
UK Regulatory
TIDMUJO
RNS Number : 3100X
Union Jack Oil PLC
29 April 2019
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
29 April 2019
Union Jack Oil plc
("Union Jack" or the "Company")
Wressle Planning Enquiry Update
Union Jack Oil plc (AIM: UJO), a UK focused on-shore hydrocarbon
production, development and exploration company notes the
announcement made today by Egdon Resources plc ("Egdon"), in
respect of the Wressle planning enquiry which has now been
scheduled to commence on 5 November 2019. Union Jack holds a 27.5%
interest in PEDLs 180/182 containing the Wressle oil discovery.
Egdon included the following statements:
Egdon Resources plc (AIM: EDR) advises that the Planning
Inspectorate has now set the start date of 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 on 28 November 2018. The public
inquiry will commence on 5 November 2019 with the hearing expected
to last up to six days at a venue which has yet to be confirmed.
The Planning Inspector will be Mr. Phillip Ware.
Mark Abbott, Managing Director of Egdon Resources plc, said:
"We look forward to a QC presenting our case for the planning
merits of the Wressle development to an independent professional
Planning Inspector away from the influence of local politics. We
believe that we have a very strong case, supported by detailed
evidence and agree with the conclusions of the Council's own
professional planning officer, as 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."
David Bramhill, Executive Chairman of Union Jack, commented:
"We are pleased that a date has now been set for the planning
enquiry and we echo Egdon's sentiments that an independent
professional Planning Inspector is best equipped to make a balanced
decision with regard to the development of Wressle.
"Given the positive endorsement by the Council's own Planning
Officer, which was reinforced by an expert third party review
carried out by the Council, we believe our appeal and the case for
approving the Wressle development are strong and we look forward to
receiving a fair hearing."
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
Cassiopeia Services Ltd +44 (0)7949 690 338
Public Relations
Stefania Barbaglio
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END
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