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UJO Union Jack Oil Plc

23.25
-2.00 (-7.92%)
26 Apr 2024 - Closed
Delayed by 15 minutes
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

Union Jack Oil PLC Wressle Development Appeal Granted (2174A)

17/01/2020 3:12pm

UK Regulatory


Union Jack Oil (LSE:UJO)
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TIDMUJO

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:

 
                                        +44 (0)7801 
Union Jack Oil plc                          540 358 
David Bramhill 
                                     +44 (0)20 3470 
SP Angel Corporate Finance LLP                 0470 
Nominated Adviser and Broker 
Richard Morrison 
Richard Hail 
Stephen Wong 
                                     +44 (0)20 7138 
Blytheweigh Communications Limited             3204 
Financial PR 
Tim Blythe 
Megan Ray 
                                        +44 (0)7949 
Cassiopeia Services Ltd                     690 338 
Public Relations 
Stefania Barbaglio 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

January 17, 2020 10:12 ET (15:12 GMT)

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