On 14 February 2023, our appeal against the decision was upheld by the Planning Inspectorate. In early March a local residents' association announced its intention to challenge the Inspector's decision and a hearing is due to be held to determine the merits of this judicial review in July 2023. If the challenge is not upheld, the Company will be capable of pursuing this well test subject to satisfaction of planning conditions noted in the Appeal Decision as well as the determination of the variation to the Environmental Permit by the Environment Agency which we understand to be imminent.
The Global Refinance Facility is expected to contain less onerous covenants and would make allowance for the payment of DIVIDENDS in line with the Company's goal of returning capital to shareholders