Union Jack Oil PLC Wressle Planning Decision (9425T)
12 January 2017 - 3:00AM
UK Regulatory
TIDMUJO TIDMUJOP
RNS Number : 9425T
Union Jack Oil PLC
11 January 2017
Union Jack Oil plc
(AIM: UJO)
Wressle Planning Decision
Union Jack Oil plc ("Union Jack" or the "Company"), an onshore
oil and gas production and exploration company with a focus on
production, exploration, development and investment in the United
Kingdom hydrocarbon sector, notes that Egdon Resources PLC
("Egdon") has released an RNS regarding the planning decision by
the North Lincolnshire County Council's Planning Committee in
respect of the development of the Wressle Oil Field in North
Lincolnshire licences PEDL180 and PEDL182.
Union Jack holds an 11.67% interest in both licences.
Egdon's RNS contained the following information:
Egdon Resources plc (AIM:EDR) announces that the North
Lincolnshire County Council's Planning Committee has today refused
planning consent for the development of the Wressle Oil Field at
Lodge Farm, Wressle, North Lincolnshire.
At the same meeting the application for the installation of
groundwater monitoring boreholes was approved.
Mark Abbott Managing Director of Egdon Resources plc, said:
"We are very disappointed by the decision of the Committee that
goes against the positive recommendation of their Planning Officer
which was determined after an extensive and thorough review of our
proposals.
Our business has been operating exploration and production sites
in a safe and environmentally sensitive manner across the region
for many years, engaging with communities, employing local people
and investing in the local supply chain.
We will now take time to consider our options including our
right to bring forward an appeal."
For further information please contact the following:
Union Jack Oil plc
David Bramhill +44 (0) 77871 60682
Shore Capital
Nominated Adviser
Edward Mansfield
Anita Ghanekar
Corporate Broking
Jerry Keen +44 (0) 20 7408 4090
SP Angel
Joint Broker
Richard Hail +44 (0) 20 3470 0470
Yellow Jersey PR Limited
Public Relations
Dominic Barretto +44 (0) 7768 537 739
This information is provided by RNS
The company news service from the London Stock Exchange
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January 11, 2017 11:00 ET (16:00 GMT)