Union Jack Oil PLC Wressle Planning Extension Update (5333W)
August 01 2018 - 10:00AM
UK Regulatory
TIDMUJO
RNS Number : 5333W
Union Jack Oil PLC
01 August 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
1 August 2018
Union Jack Oil plc
("Union Jack" or the "Company")
Wressle Planning Extension Refused
Union Jack Oil plc (AIM: UJO), a UK-focused onshore hydrocarbon
production, development and exploration company notes the
announcement released this morning by Edgon Resources plc
("Egdon"), in respect of the application to extend the existing
planning permission at Wressle. Egdon included the following
statements:
"Egdon Resources plc (AIM:EDR) advises that its application to
extend planning consent for the Wressle site to 1 August 2019 was
refused at today's meeting of the North Lincolnshire Council
Planning Committee ("the Committee"). The application had been
recommended for approval by North Lincolnshire County Council's
planning officers.
Mark Abbott, Managing Director of Egdon Resources plc, said:
"The decision of the Committee is clearly disappointing given
that the application had been recommended for approval by North
Lincolnshire Council's own professional planning officers, that an
appeal for a previous refusal of such an application had been
successful and that we have recently submitted a new application
for the development of the Wressle oil field which we strongly
believe comprehensively addresses the reasons for the refusal of
the original planning applications and the subsequent appeals.
We intend to appeal this decision without delay and will begin
preparing documentation on receipt of the Committee's decision
notice.""
For further information please contact the following:
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
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END
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