Union Jack oil & Egdon Resources: Wressle receives recommendation for approval from planning officer

By Patricia Miller


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Union Jack Oil (LSE:UJO) announced today the Wressle development has received a recommendation for approval (subject to Conditions) from North Lincolnshire Council’s Planning Officer.

Union Jack hold a 27.5% working interest in Wressle alongside operator Egdon Resources Plc (LSE:EDR). There have been a number of setbacks over the past couple of years with previous planning applications to develop the site being knocked back by the council.

The Wressle story began in 2013 when Egdon was granted temporary planning permission from North Lincolnshire Council to drill an exploratory conventional well on farmland to the north of the hamlet of Wressle. Drilling the following year showed the presence of potential hydrocarbon pay in three main intervals.

Egdon first applied for planning permission to develop the Wressle discovery in 2016 but were refused.  Last November a planning enquiry was held to consider two appeals, one for the further development, the other to vary the existing planning permissions. In January the Egdon and Union Jack announced that the two appeals had been rejected.

In July 2018 a new planning application was submitted to North Lincolnshire Council for the development of the Wressle oil field. The company believes the new application addresses the reasons for the refusal of the original planning applications and subsequent appeals.

This application will be considered by a meeting of the North Lincolnshire Council Planning Committee on 28 November 2018.

Mark Abbott, Managing Director of Egdon Resources plc, said:

“I am very pleased that the Council’s Planning Officer has recommended approval of the proposed Wressle development, having diligently considered the significant body of additional work and improvements submitted as part of the application.

‘The Planning Officer was clear in his report where he stated “it is considered that this new application addresses the concerns raised at the public inquiry and that, as a result of the additional ground investigation, site reconfiguration and improved pollution mitigation and water monitoring arrangements, the reasons given by the Inspector for dismissing the previous appeals have been overcome. This conclusion is confirmed by the external technical experts (JBA Consulting) employed by the Council to carry out a robust review of the new application and its potential environmental impacts”.

‘We hope that the members of the planning committee will agree with the considered recommendation of their professional planning officer (supported in this case by specialist advisors), the various regulatory authorities and statutory consultees and approve the application at next week’s meeting.”

Author: Stuart Langelaan

Disclosure: The Author does not own shares in the companies mentioned above


In this article:

Egdon Resources

Author: Patricia Miller

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

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