Union Jack Oil PLC Wressle Appeal and New Planning Application Update (1068C)
April 11 2017 - 2:00AM
UK Regulatory
TIDMUJO TIDMUJOP
RNS Number : 1068C
Union Jack Oil PLC
11 April 2017
11 April 2017
UNION JACK OIL PLC
(AIM: UJO)
Wressle Development - Appeal and New Planning Application
Update
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 opportunities
in the United Kingdom hydrocarbon sector is pleased to announce an
update in respect of an appeal and other planning related matters
regarding the Wressle conventional development within PEDL180 and
PEDL182 of which Union Jack hold a 15% interest (3.33% subject to
approval from the Oil and Gas Authority).
Highlights
-- Appeal process to commence today
-- New planning application being submitted to begin in parallel with appeal process
-- Environmental Permit from the Environment Agency expected to be issued by end of April 2017
-- Water monitoring boreholes for Wressle successfully installed
The Operator, Egdon Resources plc ("Egdon") announced that it
will today start the appeal process through the Planning
Inspectorate in respect of the decision by North Lincolnshire
County Council ("the Council") on 11(th) January 2017 to decline
planning consent for the development of the conventional Wressle
Oil Field at Lodge Farm, Wressle, North Lincolnshire.
It is expected that the Planning Inspectorate will validate the
appeal documentation within the next 14 days and will then notify
Egdon and the Council of the start date and timetable for the
appeal process.
As previously announced a new planning application for the
Wressle development containing comprehensive information to address
the points previously raised by the Council will be submitted to
run in parallel with the Appeal process. The new planning
application will be submitted during April 2017.
The Environmental Permit for the Wressle development is
anticipated to be issued during late April 2017, subject to the
outcome of the current consultation process on the draft permit
which closes shortly.
The water monitoring boreholes for the existing Wressle site,
for which planning consent was received from the Council at the
11(th) January 2017 planning meeting were successfully installed
during February 2017.
David Bramhill, Executive Chairman of Union Jack, commented:
"Extensive work has been carried out by the Operator to progress
the appeal process and Environmental clearance for the development
of the conventional Wressle Oil Field during the last three months,
with the full support of the Joint Venture partners. Union Jack
look forward to progressing to first oil from this discovery"
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 Broker
Lindsay Mair
Stephen Wong
Richard Hail
In accordance with the "AIM Rules - Note for Mining and Oil and
Gas Companies", the information contained within this announcement
has been reviewed by and signed off by Graham Bull, Non-Executive
Director, who has over 46 years of international oil and gas
industry exploration.
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 company news service from the London Stock Exchange
END
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