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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Union Jack Oil Plc | LSE:UJO | London | Ordinary Share | GB00BLH1S316 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.00 | -7.92% | 23.25 | 23.00 | 23.50 | 25.25 | 23.25 | 25.25 | 903,934 | 15:54:22 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Oil And Gas Field Expl Svcs | 8.51M | 3.61M | 0.0320 | 7.27 | 26.21M |
From Apr 2019 to Apr 2024
TIDMUJO
RNS Number : 0035U
Union Jack Oil PLC
19 October 2017
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.
19 October 2017
UNION JACK OIL PLC
(AIM: UJO)
Holmwood Planning Update
Union Jack Oil plc ("Union Jack" or the "Company"), a UK-focused, onshore oil and gas production and exploration company notes the announcement released this morning by Europa Oil & Gas (Holdings) plc ("Europa"), in respect of PEDL143, where Union Jack holds a 7.5% interest. Europa included the following statements:
"Europa Oil & Gas (Holdings) plc, a UK and Ireland focussed exploration, development and production company notes the outcome of the Surrey County Council Planning and Regulatory Committee meeting on 18 October 2017 in connection with a conventional oil exploration well to test the Holmwood prospect at Bury Hill Wood, Coldharbour Lane, Surrey:
-- A planning application for a security fence for the drill site was approved by Surrey County Council ('SCC') at the Planning and Regulatory Committee meeting on 18 October 2017.
-- The Planning Committee elected to defer a decision on Condition 19 (Traffic Management Scheme) pending response to further requests for information from the Planning Committee.
Europa will consult with its joint venture partners and advisers and respond to SCC on Condition 19 accordingly.
As a consequence of the deferred decision on Condition 19, the Company advises that it anticipates operations to drill the Holmwood conventional oil exploration well will now commence in H1 2018."
The interests held in PEDL143 are as follows:
Hot Features
Premium
Europa Oil & Gas (Holdings)
plc (operator) 20.00%
----------------------------- -------------------------------
UK Oil & Gas Investments
plc 30.00%
----------------------------- -------------------------------
Egdon Resources plc 18.40%
----------------------------- -------------------------------
Angus Energy plc 12.50%
----------------------------- -------------------------------
Warwick Energy 10.00% (sold to UK Oil
& Gas Investments plc subject
to OGA approval)
----------------------------- -------------------------------
Union Jack Oil plc 7.50%
----------------------------- -------------------------------
Altwood Petroleum Limited 1.60%
----------------------------- -------------------------------
For further information, please contact:
Union Jack Oil plc +44 (0)7787 160 682 David Bramhill SP Angel Corporate Finance LLP +44 (0)20 3470 0470 Nominated Adviser and Joint Broker Lindsay Mair Stephen Wong Richard Hail Turner Pope Investments (TPI) Ltd +44 (0)20 3621 4120 Joint Broker Ben Turner James Pope
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
October 19, 2017 02:00 ET (06:00 GMT)
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