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Union Jack Oil Plc

Key permit just given is a significant regulatory milestone for Union Jack Oil Plc

Commenting, David Bramhill, Executive Director of Union Jack Oil LON:UJO, said: “The directors of Union Jack are naturally pleased by the issuance of this key permit by the EA. This event is a further positive step towards the proposed development of the Wressle-1 discovery.”

Union Jack Oil plc LON:UJO a UK-focused, onshore oil and gas exploration and production company, notes today’s update by Egdon Resources plc, regarding the issue by the UK Environment Agency of the variation to the Mining Waste Permit, in respect of the proposed Wressle conventional development, located within PEDL180 and PEDL182, and its associated operations. Union Jack holds a 15% interest in these licences (3.33% subject to Oil & Gas Authority approval).

The issue of the permit is a significant regulatory milestone in the approval of the Wressle development and lends further support to the new Planning Application, submitted on 28 April 2017.

 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.