Egdon Resources PLC Wressle - Appeal & New Planning Application (1104C)
April 11 2017 - 1:00AM
UK Regulatory
TIDMEDR
RNS Number : 1104C
Egdon Resources PLC
11 April 2017
11 April 2017
EGDON RESOURCES PLC
("Egdon" or "the Company")
Wressle Development - Appeal and New Planning Application
Update
Egdon Resources plc (AIM:EDR) announces 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 January 2017 to refuse planning consent for the development
of the Wressle Oil Field at Lodge Farm, Wressle, North
Lincolnshire.
It is expected that the Planning Inspectorate will validate the
submitted appeal documentation within the next 1-2 weeks and will
then notify Egdon and the Council of the start date and timetable
for the appeal process.
As previously announced the Company will in parallel submit a
new planning application for the Wressle development which will
include even more detailed information to address the specific
points raised by the Council in their refusal. This new planning
application will be submitted during April.
The Company also anticipates that the Environmental Permit for
Wressle should be issued by the Environment Agency towards the end
of April, subject to the outcome of the current consultation
process on the draft permit which closes shortly.
In addition, the water monitoring boreholes for the site, for
which planning consent was received from the Council at the
planning meeting on 11 January 2017, were successfully installed on
the existing Wressle well site during February 2017.
Commenting on the update Mark Abbott, Managing Director said:
"We believe our case for the appeal is very strong and we will look
to progress both the appeal and the new application through the
planning system as quickly as possible. We believe this dual track
approach will provide the best opportunity for a successful outcome
with the minimum delay."
For further information please contact:
Egdon Resources plc
Mark Abbott 01256 702 292
Public Relations - Buchanan
Richard Darby, Anna Michniewicz 020 7466 5000
Nominated Adviser and Broker - Cantor Fitzgerald Europe
David Porter, Sarah Wharry (Corporate Finance) 020 7894 7000
Mark Westcott (Sales)
Joint Broker - VSA Capital Limited
Andrew Monk (Corporate Broking) 020 3005 5000
Andrew Raca (Corporate Finance)
Notes to Editors:
Egdon Resources plc (LSE: EDR) is an established UK-based
exploration and production company primarily focused on onshore
exploration and production in the hydrocarbon-producing basins of
the UK.
Egdon holds interests in 43 licences in the UK and France and
has an active programme of exploration, appraisal and development
within its balanced portfolio of oil and gas assets. Egdon is an
approved operator in both the UK and France.
Egdon was formed in 1997 and listed on AIM in December 2004.
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
MSCOKKDBPBKDFQD
(END) Dow Jones Newswires
April 11, 2017 02:00 ET (06:00 GMT)
Egdon Resources (LSE:EDR)
Historical Stock Chart
From Apr 2024 to May 2024
Egdon Resources (LSE:EDR)
Historical Stock Chart
From May 2023 to May 2024