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
8 November 2019
Union Jack Oil plc
("Union Jack" or the "Company")
Wressle Development Public Inquiry Concluded
Union Jack Oil plc (AIM: UJO), a UK focused onshore conventional hydrocarbon production, development and exploration company is pleased to provide an update on the Wressle Development Public Inquiry (the "Public Inquiry").
Union Jack holds a 27.5% interest in PEDL180 and PEDL182, which contains the Wressle hydrocarbon discovery.
The Public Inquiry concluded on 7 November 2019, having commenced on 5 November 2019 in Scunthorpe, Lincolnshire. The Public Inquiry, which included a site visit, lasted three days, instead of the planned six days. As previously announced, North Lincolnshire Council presented no evidence. An application for costs has also been submitted.
With a general election campaign underway and Planning Inspectorate purdah in place, the Company and its joint venture partners at Wressle expect a decision on the Public Inquiry to be announced after 12 December 2019, the date of the general election, and before the end of 2019.
David Bramhill, Executive Chairman of Union Jack, commented:
"Union Jack, whose representatives were in attendance for all three days of the Planning Inquiry, believes that the Operator, Egdon Resources plc, presented an extremely strong case on behalf of the joint venture partners, supported by their expert witness team."
For further information, please contact:
Union Jack Oil plc
+44 (0)7801 540 358
SP Angel Corporate Finance LLP
+44 (0)20 3470 0470
Nominated Adviser and Broker
Blytheweigh Communications Limited
+44 (0)20 7138 3204
Cassiopeia Services Ltd
+44 (0)7949 690 338
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 [email protected] or visit www.rns.com.
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