LONDON (Alliance News) - The planning hearing for development of the Wressle oil field in North Lincolnshire, UK, will start in November, Egdon Resources PLC said on Monday.
Planning was previously refused for the development, and a public enquiry will start on November 5. Egdon expects proceedings to last up to six days.
Egdon Managing Director Mark Abbott said: "We look forward to a QC presenting our case for the planning merits of the Wressle development to an independent professional Planning Inspector away from the influence of local politics."
"We believe we have a very strong case, supported by detailed evidence and agree with the conclusions of the Council's own professional planning officer, as reinforced by an expert third party review undertaken on behalf of the Council, who recommended our revised application for approval ahead of the November 2018 decision."
Egdon's announcement was noted by Union Jack Oil PLC, which has a 28% interest in the licences containing the field.
Executive Chair David Bramhill said: "We are pleased a date has now been set for the planning enquiry and we echo Egdon's sentiments an independent professional planning inspector is best equipped to make a balanced decision with regard to the development of Wressle.
"Given the positive endorsement by the Council's own planning officer, which was reinforced by an expert third party review carried out by the Council, we believe our appeal and the case for approving the Wressle development are strong and we look forward to receiving a fair hearing."
Egdon shares were down 6.9% midday Monday at 5.40 pence each, while Union Jack was 0.5% lower at 0.100p.
Union Jack (UJO)