Union Jack Oil PLC (LON:UJO) has updated on the planning and permitting process for the West Newton project in Yorkshire.
Project operator Rathlin Energy is advancing the process with the East Riding of Yorkshire Council.
The West Newton partner seeks approval for the development of the field – by testing, appraisal and production from the two existing wells along with the drilling, testing, appraisal and production from up to six new wells over a 25-year lifespan.
READ: Union Jack increases Biscathorpe stake
"The East Riding of Yorkshire Council`s screening opinion considers that the proposed development would not comprise EIA (Environmental Impact Assessment) development,” Union Jack noted in a statement.
"Rathlin will be undertaking public consultation on the West Newton A site development plan over the coming months and ahead of the submission of any formal planning application.”
In December, the West Newton B1Z appraisal well confirmed the discovery made previously in the WNA-1 well.
The well encountered a substantial hydrocarbon column. The result de-risked the project and at the time was described as “a significant step forward” towards development.
Union Jack owns a 16.665% interest in the West Newton project.