Union Jack Oil PLC North Kelsey Planning Update (3048K)

TIDMUJO

RNS Number : 3048K

Union Jack Oil PLC

09 April 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

9 April 2018

Union Jack Oil plc

("Union Jack" or the "Company")

North Kelsey 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 today by Egdon Resources plc ("Egdon"), in respect of PEDL241, where Union Jack holds a 20% interest. Egdon included the following statements:

"Egdon Resources plc (AIM: EDR) advises that its application to extend to December 2020, the existing planning permission to drill an exploratory conventional oil well (North Kelsey-1) on farmland off Smithfield Road, North Kelsey, Brigg, Lincolnshire was deferred at today's meeting of the Lincolnshire County Council Planning Committee. A decision will be taken once the Planning Committee has undertaken a site visit.

Commenting on the meeting outcome, Mark Abbott, Managing Director of Egdon Resources plc, said:

"Today's deferral is frustrating given the strong case presented and the positive recommendation of Lincolnshire County Council's Planning Officer in respect of the application. We will provide an update once we know when Egdon's application will be heard at Lincolnshire County Council's Planning Committee Meeting.""

For further information please contact:

 
 Union Jack Oil plc            [phone] 
 David Bramhill 
 
 SP Angel Corporate Finance 
  LLP                          [phone] 
 Nominated Adviser 
 Lindsay Mair 
 Richard Hail 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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April 09, 2018 09:43 ET (13:43 GMT)