Upland Resources Limited Wressle Update: Planning Meeting Announced (7343J)
June 30 2017 - 4:33AM
UK Regulatory
TIDMUPL
RNS Number : 7343J
Upland Resources Limited
30 June 2017
30 June 2017
UPLAND RESOURCES LIMITED
("Upland" or the "Company")
Wressle Update: Planning Meeting Announced
Upland Resources Limited., the oil and gas company actively
building a portfolio of attractive upstream assets, notes that the
North Lincolnshire County Council's Planning Committee will meet at
2pm on Monday the 3(rd) of July 2017 to review the planning
application for the Wressle Development. The meeting will be held
at the North Lincolnshire Council Civic Centre in Scunthorpe.
As Operator of UK onshore petroleum exploration and development
licences ("PEDLs") 180 and 182, Egdon Resources ("Egdon") submitted
a new Planning Application for the Wressle Field Development to the
North Lincolnshire Council ("the Council") on 28 April 2017. As
noted in Egdon's announcement this morning, this new application
includes additional detailed information to address the specific
concerns raised by the Council in its 11 January 2017 decision to
refuse the original application.
The new application has received a recommendation for approval
from North Lincolnshire County Council's Planning Department.
Upland's wholly-owned subsidiary, Upland Resources (UK Onshore)
Limited ("Upland UK"), entered into a conditional agreement dated
24 November 2016 for the farm-in by Upland UK (by way of assignment
from Europa Oil & Gas Limited) to a 10% interest in each of
PEDLs 180 and 182, including the Wressle Field development (the
"Wressle Farm-in Agreement"). Completion of the Wressle Farm-in
Agreement is conditional on receipt of certain planning and other
approvals which may be waived at Upland's discretion.
**Ends**
Contact details:
Upland Resources Limited www.uplandres.com
Steve Staley, CEO s.staley@uplandres.com
Optiva Securities Limited www.optivasecurities.com
Jeremy King (Corporate Tel: +44 (0)20 3137 1904
Finance) jeremy.king@optivasecurities.com
Christian Dennis (Corporate Tel: +44 (0)20 3411 1882
Broker) christian.dennis@optivasecurities.com
FTI Consulting
Edward Westropp Tel: +44 (0)203 727 1521
edward.westropp@fticonsulting.com
Flowcomms Ltd
Sasha Sethi Tel: 07891 677441
sasha@flowcomms.com
Notes
Upland is an upstream oil & gas company whose highly
experienced management has a track record of creating major value
for shareholders in junior oil & gas companies, including Cove
Energy plc. The Company has extensive technical and commercial
skills and contacts, management having held senior roles in
Petronas, Conoco, Shell etc. Upland is taking advantage of the
current market conditions to acquire quality upstream assets on
attractive terms.
Full text of Egdon Resources' announcement
"Egdon Resources plc (AIM:EDR) notes that North Lincolnshire
County Council's Planning Committee will meet on Monday 3 July 2017
to determine the new planning application for the Wressle
Development which includes additional detailed information to
address the specific concerns raised by North Lincolnshire County
Council in its 11 January 2017 decision to refuse the original
application.
The new application has received a recommendation for approval
from North Lincolnshire County Council's Planning Department.
The meeting will be held at 2pm Monday 3 July 2017 at North
Lincolnshire Council Civic Centre in Scunthorpe.
We will update shareholders of any developments from this
meeting."
This information is provided by RNS
The company news service from the London Stock Exchange
END
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