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Union Jack Oil welcomes one-year planning extension for Wressle

David Bramhill, chairman of Union Jack Oil PLC (LON:UJO), discusses with Proactive London's Andrew Scott a one year extension to existing planning approvals which has been granted to the Wressle project.

The award extends access to the project until 24 January 2020.

It means the JV partners have sufficient time to reach a determination in its appeal against planning refusals for the proposed oil field development at Wressle.

Quick facts: Union Jack Oil PLC

Price: 0.18 GBX

AIM:UJO
Market: AIM
Market Cap: £21.79 m
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Investor Update: Union Jack's West Newton potential confirmed

Headlines from the Proactive UK newsroom. Union Jack Oil (LON:UJO) has been informed by the operator that the Kirkham Abbey reservoir in the West Newton project area contains a base case 146mln barrels of oil and up to 283mln barrels in a best case. The liquid element is much higher than...

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