Union Jack Oil PLC Wressle Development – Permit for Wressle development anticipated this month

Union Jack Oil plc (LON:UJO), an onshore oil and gas production and exploration company with a focus on production, exploration, development and investment opportunities in the United Kingdom hydrocarbon sector has today announced an update in respect of an appeal and other planning related matters regarding the Wressle conventional development within PEDL180 and PEDL182 of which Union Jack hold a 15% interest (3.33% subject to approval from the Oil and Gas Authority).

Highlights

· Appeal process to commence today
· New planning application being submitted to begin in parallel with appeal process
· Environmental Permit from the Environment Agency expected to be issued by end of April 2017
· Water monitoring boreholes for Wressle successfully installed

The Operator, Egdon Resources plc (LON:EDR) announced that it will today start the appeal process through the Planning Inspectorate in respect of the decision by North Lincolnshire County Council (“the Council”) on 11th January 2017 to decline planning consent for the development of the conventional Wressle Oil Field at Lodge Farm, Wressle, North Lincolnshire.

It is expected that the Planning Inspectorate will validate the appeal documentation within the next 14 days and will then notify Egdon and the Council of the start date and timetable for the appeal process.

As previously announced a new planning application for the Wressle development containing comprehensive information to address the points previously raised by the Council will be submitted to run in parallel with the Appeal process. The new planning application will be submitted during April 2017.

The Environmental Permit for the Wressle development is anticipated to be issued during late April 2017, subject to the outcome of the current consultation process on the draft permit which closes shortly.

The water monitoring boreholes for the existing Wressle site, for which planning consent was received from the Council at the 11th January 2017 planning meeting were successfully installed during February 2017.

David Bramhill, Executive Chairman of Union Jack Oil Plc, commented: “Extensive work has been carried out by the Operator to progress the appeal process and Environmental clearance for the development of the conventional Wressle Oil Field during the last three months, with the full support of the Joint Venture partners. Union Jack look forward to progressing to first oil from this discovery”

Click to view all articles for the EPIC: ,
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Union Jack Oil

More articles like this

Union Jack Oil

Union Jack appoints Craig Howie as NED

Union Jack Oil plc has appointed Craig Howie as an independent non-executive director, with effect from 22 April 2024. He will be chairman of the audit committee and member of the remuneration committee when current NED

Union Jack Oil

Oil prices firm after OPEC+ extends output cuts

The OPEC+ group of oil producers is holding firm on measures to boost prices. On Sunday, members agreed to extend oil output cuts of 2.2 million barrels per day into the second quarter. That’s a bid