Union Jack Oil PLC Wressle Planning Appeal Update (3100X)

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RNS Number : 3100X

Union Jack Oil PLC

29 April 2019

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

29 April 2019

Union Jack Oil plc

("Union Jack" or the "Company")

Wressle Planning Enquiry Update

Union Jack Oil plc (AIM: UJO), a UK focused on-shore hydrocarbon production, development and exploration company notes the announcement made today by Egdon Resources plc ("Egdon"), in respect of the Wressle planning enquiry which has now been scheduled to commence on 5 November 2019. Union Jack holds a 27.5% interest in PEDLs 180/182 containing the Wressle oil discovery. Egdon included the following statements:

Egdon Resources plc (AIM: EDR) advises that the Planning Inspectorate has now set the start date of the planning inquiry to hear the Company's appeal against the refusal of planning consent for the development of the Wressle oil field by North Lincolnshire Council's Planning Committee on 28 November 2018. The public inquiry will commence on 5 November 2019 with the hearing expected to last up to six days at a venue which has yet to be confirmed. The Planning Inspector will be Mr. Phillip Ware.

Mark Abbott, Managing Director of Egdon Resources plc, said:

"We look forward to a QC presenting our case for the planning merits of the Wressle development to an independent professional Planning Inspector away from the influence of local politics. We believe that we have a very strong case, supported by detailed evidence and agree with the conclusions of the Council's own professional planning officer, as 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."

David Bramhill, Executive Chairman of Union Jack, commented:

"We are pleased that a date has now been set for the planning enquiry and we echo Egdon's sentiments that an independent professional Planning Inspector is best equipped to make a balanced decision with regard to the development of Wressle.

"Given the positive endorsement by the Council's own Planning Officer, which was reinforced by an expert third party review carried out by the Council, we believe our appeal and the case for approving the Wressle development are strong and we look forward to receiving a fair hearing."

For further information, please contact:

 
 Union Jack Oil plc                [phone] 
 David Bramhill 
 
 SP Angel Corporate Finance LLP    [phone] 
 Nominated Adviser 
 Lindsay Mair 
 Richard Hail 
 
 Cassiopeia Services Ltd           [phone] 
 Public Relations 
 Stefania Barbaglio 
 

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April 29, 2019 02:00 ET (06:00 GMT)