The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksUnion Jack Regulatory News (UJO)

Share Price Information for Union Jack (UJO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 24.00
Bid: 23.00
Ask: 25.00
Change: 0.50 (2.08%)
Spread: 2.00 (8.696%)
Open: 24.00
High: 24.50
Low: 24.50
Prev. Close: 24.00
UJO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

North Kelsey Planning Appeal Update PEDL241

6 Jun 2023 11:01

RNS Number : 8163B
Union Jack Oil PLC
06 June 2023
 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

 

 

6 June 2023

 

Union Jack Oil plc

("Union Jack" or the "Company")

North Kelsey Planning Appeal Update PEDL241

 

Union Jack Oil plc (AIM: UJO) a UK focused onshore hydrocarbon production, development and exploration company notes today`s announcement made by Egdon Resources plc in respect of the North Kelsey (PEDL241) Planning Appeal.

 

Union Jack holds a 50% economic interest in this licence.

 

"Egdon Resources plc (AIM:EDR) the UK Energy Company, advises that it has reluctantly made the decision to withdraw the planning appeals in relation to the refusal of planning consent for exploratory drilling at North Kelsey, which were due to be heard at a hearing on 14 and 15 June 2023.

"This decision follows recent correspondence with the Planning Inspector where it became clear that he viewed the lateral borehole, which was included in the latest application, as new development which was outside of the original red line boundary of the 2014 planning consent and therefore which could not be properly considered as part of a Section 73 application as made. In this correspondence both Egdon and Lincolnshire County Council, as the minerals planning authority, expressed the position that the lateral borehole was valid under Section 73.

 

"The lateral borehole is a fundamental aspect of the exploratory well at North Kelsey to ensure all exploration targets are fully explored. Therefore, to ensure that there is clarity on this matter Egdon will be submitting a new planning application for consideration by Lincolnshire County Council as soon as possible. This application will be accompanied by recently completed updated traffic, ecology and flood risk assessments.

 

"As part of this process we will undertake fresh consultation with the local community prior to submitting the application. This will provide the opportunity for members of the public and parish councils to inspect the proposals at North Kelsey and be more informed during the formal consultation process undertaken by Lincolnshire County Council."

 

 

Commenting Mark Abbott, Managing Director of Egdon, said;

"Whilst it is disappointing to have to withdraw the appeals at this late stage and with the strong belief that our case for approval was compelling, we and our advisors unfortunately saw little option given that a lateral borehole is key to the exploratory drilling, and to ensure clarity and robustness in any decision made. 

 

"We will now focus on finalising a new application supported by recently completed updated technical assessments to account for any changes since the original planning consent from 2014."

 

For further information, please contact

 

Union Jack Oil plc

info@unionjackoil.com

David Bramhill

 

SP Angel Corporate Finance LLP

+44 (0)20 3470 0470

Nominated Adviser and Joint Broker

Matthew Johnson

Richard Hail

Kasia Brzozowska

 

Shore Capital

+44 (0)20 7408 4090

Joint Broker

Toby Gibbs

Iain Sexton

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UPDUNOKROSUNRRR
Date   Source Headline
28th Jan 20217:00 amRNSWest Newton Technical Update and Presentation
22nd Jan 20217:00 amRNSWest Newton A Site Planning Update
18th Jan 20217:00 amRNSAcquisition of further 15% in Biscathorpe PEDL253
11th Jan 202111:06 amRNSSecond Price Monitoring Extn
11th Jan 202111:01 amRNSPrice Monitoring Extension
11th Jan 20217:00 amRNSWressle Development Update
8th Jan 20214:41 pmRNSSecond Price Monitoring Extn
8th Jan 20214:36 pmRNSPrice Monitoring Extension
10th Dec 20207:00 amRNSWest Newton B1Z Drilling Update
8th Dec 202011:05 amRNSSecond Price Monitoring Extn
8th Dec 202011:00 amRNSPrice Monitoring Extension
3rd Dec 20204:41 pmRNSSecond Price Monitoring Extn
3rd Dec 20204:35 pmRNSPrice Monitoring Extension
26th Nov 20202:06 pmRNSSecond Price Monitoring Extn
26th Nov 20202:00 pmRNSPrice Monitoring Extension
26th Nov 20209:45 amRNSDirector Dealings
26th Nov 20207:00 amRNSWressle Development Update
23rd Nov 202011:06 amRNSSecond Price Monitoring Extn
23rd Nov 202011:01 amRNSPrice Monitoring Extension
23rd Nov 20207:00 amRNSWest Newton Drilling Operations Update
10th Nov 20207:00 amRNSBiscathorpe Proposed Side Well Planning Update
14th Oct 20207:00 amRNSNorth Kelsey Further Acquisition
5th Oct 20207:00 amRNSWest Newton B-1 Well Commencement of Drilling
30th Sep 20207:00 amRNSTotal Voting Rights
22nd Sep 202012:00 pmRNSWest Newton B-1 Rig Mobilisation
17th Sep 202011:08 amRNSPlacing and Subscription to raise £7 million
14th Sep 20207:00 amRNSHalf Year Report 2020
10th Sep 20201:48 pmRNSResponse to Market Speculation
7th Sep 20202:30 pmRNSNorth Kelsey Planning Update
26th Aug 20207:00 amRNSPEDL253 Settlement Received from Humber Oil & Gas
20th Aug 20207:00 amRNSWest Newton Update - Request for Screening Options
18th Aug 20207:00 amRNSWest Newton Operations Update
4th Aug 20207:00 amRNSWest Newton Operations and Progress Update
3rd Aug 20207:00 amRNSOGA approval for Further Wressle Acquisition
28th Jul 20207:00 amRNSOGA approval for PEDL253 Biscathorpe Acquisition
13th Jul 20207:00 amRNSDirector Dealing
24th Jun 20207:00 amRNSFurther Interest Acquired in PEDL 253 Biscathorpe
18th Jun 202011:15 amRNSResult of AGM
16th Jun 20207:00 amRNSCarbon Intensity Study on West Newton Rated AA
12th Jun 20209:06 amRNSSecond Price Monitoring Extn
12th Jun 20209:00 amRNSPrice Monitoring Extension
8th Jun 20207:00 amRNSAcquisition of Further Interest in Wressle Project
13th May 20207:00 amRNSWressle Development Update
11th May 20207:00 amRNSFinal Results for the Year Ended 31 December 2019
4th May 202011:06 amRNSSecond Price Monitoring Extn
4th May 202011:00 amRNSPrice Monitoring Extension
4th May 202010:00 amRNSUpdated Corporate Presentation
4th May 20207:00 amRNSWest Newton Community Update
30th Apr 20204:40 pmRNSSecond Price Monitoring Extn
30th Apr 20204:35 pmRNSPrice Monitoring Extension

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

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.