Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.

Less Ads, More Data, More Tools Register for FREE

UK Oil & Gas to launch appeal against Surrey County Council

Thu, 17th Dec 2020 16:48

(Sharecast News) - UK Oil & Gas announced on Thursday that, following detailed consultations with its legal counsel and planning advisers, it would now launch an appeal against Surrey County Council's 15 December decision to refuse planning consent for its wholly-owned Loxley gas appraisal project.
The AIM-traded firm said it planned to submit an appeal to the Planning Inspectorate early in 2021, with an expectation that a public hearing or inquiry would be held in the following six to nine months.

It said its leading counsel had advised that there were "strong grounds" to expect a positive appeal outcome, as the cited grounds for refusal were allegedly in "direct conflict" with both the council's planning and highway officer's reports, and the officers' two separate recommendations for approval.

UK Oil & Gas said an appeal would enable an independent professional inspector from the Planning Inspectorate to consider the evidence and come to an objective, evidence-based decision, which would determine whether the temporary Loxley development met the requirements of the Town and Country Planning Act, and other relevant policy guidance.

At both the 29 June and 27 November Surrey County Council planning committee meetings, the company said it also highlighted the role that a successful Loxley gas project would play in the government's low-carbon hydrogen policy, in which natural gas was reformed into clean-burning hydrogen, with an envisaged 85% saving in related carbon emissions.

Domestic gas has approximately a quarter of the carbon emissions of imported liquefied natural gas, the board claimed.

"Although not ideal in terms of speed, the appeal process at least ensures Loxley's case will be assessed by a competent and independent inspector who will deliver an evidence-based decision that is not unduly swayed by unsubstantiated and emotive local argument," said chief executive officer Stephen Sanderson.

"We trust that any future decision will also consider the needs of the many who could benefit from a successful Loxley project's affordable, low-impact, low-carbon energy, as well as those of the privileged few."

At 1629 GMT, shares in UK Oil & Gas were up 1.96% at 0.14p.

Related Shares

More News
4 Jun 2024 16:41

EARNINGS AND TRADING: Hummingbird loss narrows as revenue climbs

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reporte...

29 May 2024 14:37

UK Oil & Gas receives support for planned hydrogen storage project

(Alliance News) - UK Oil & Gas PLC on Wednesday said it received a letter of support for its planned Dorset and Yorkshire hydrogen storage projects fr...

29 May 2024 12:08

LONDON MARKET MIDDAY: European stocks dip amid interest rate worries

(Alliance News) - Stock prices in Europe were lower at midday on Wednesday, after positive data from the US on Tuesday threw interest rate cuts into q...

29 May 2024 10:58

AIM WINNERS & LOSERS: UK Oil & Gas up on Sumitomo support

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

17 May 2024 17:39

TRADING UPDATES: Ingenta trades in line; Triple Point Social NAV up

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News:

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.