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Union Jack Oil PLC - Wressle Development Appeal Granted

RNS Number : 2174A
Union Jack Oil PLC
17 January 2020
 

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

 

17 January 2020

 

Union Jack Oil plc

("Union Jack" or the "Company")

Wressle Development Granted Planning Consent on Appeal

 

Union Jack Oil plc (AIM: UJO), a UK focused onshore hydrocarbon production, development and exploration company is pleased to report that the Planning Inspectorate has today upheld the appeal and granted planning consent for the development of the Wressle Oil Field in North Lincolnshire licences PEDL180 and PEDL182.  Union Jack holds a 27.5% economic interest in PEDLs 180/182.

The Inspector also allowed the application for an award of costs against North Lincolnshire Council.

 

David Bramhill, Executive Chairman of Union Jack Oil plc, commented:

"The Board of Union Jack is delighted with this positive outcome.

"The operator will, on behalf of the Joint Venture partners, begin work on discharging the planning conditions and detailed planning for development of the Wressle Oil Field.

"Shareholders and the local community will be informed of developments in due course"

 

For further information, please contact:

Union Jack Oil plc

+44 (0)7801 540 358

David Bramhill

 

SP Angel Corporate Finance LLP

+44 (0)20 3470 0470

Nominated Adviser and Broker

 

Richard Morrison

 

Richard Hail

 

Stephen Wong

 

Blytheweigh Communications Limited

+44 (0)20 7138 3204

Financial PR

 

Tim Blythe

 

Megan Ray

 

Cassiopeia Services Ltd

+44 (0)7949 690 338

Public Relations

 

Stefania Barbaglio

 

 

 

 


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