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Wressle planning decision expected by the end of the year

The inquiry into plans for the Lincolnshire onshore oil discovery wrapped up early with the local council offering no evidence

Europa Oil & Gas Holdings PLC -
The Wressle partners include the operator Egdon Resources, Europa Oil & Gas, and Union Jack Oil

The result of a public inquiry into an onshore oil development in Lincolnshire is expected by the end of the year, the development partners confirmed.

The planned six-day meeting in Scunthorpe to assess objections to the Wressle project concluded on Thursday (Nov 7) after only three days, with North Lincolnshire Council presenting no evidence.

The Planning Inspectorate is in pre-election purdah, so a decision will be released after December 12, but before the end of that month, the market was told.

The Wressle partners include the operator Egdon Resources (LON:EGD), Europa Oil & Gas (LON:EOG) and Union Jack Oil (LON:UJO).

In a statement, Egdon’s managing director, Mark Abbott said he believes the companies have a “very strong case”.

“[This is] supported by detailed evidence and agree with the conclusions of the council's own professional planning officer,” he added.

“This was reinforced by an expert third party review undertaken on behalf of the Council, who recommended our revised application for approval ahead of the November 2018 decision."

Quick facts: Europa Oil & Gas Holdings PLC

Price: 1.16 GBX

Market: AIM
Market Cap: £5.16 m

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