Last checked at 13 Apr 2022 07:00
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.
13 April 2022
Union Jack Oil plc
("Union Jack" or the "Company")
Submission of Biscathorpe Planning Appeal PEDL253
Union Jack Oil plc (AIM: UJO) a UK focused onshore hydrocarbon production, development and exploration company, is pleased to advise that further to the announcement of 25 January 2022, the Operator of PEDL253, Egdon Resources U.K. Limited, has submitted an appeal on behalf of the Joint Venture participants, against the refusal of planning permission by Lincolnshire County Council for a side-track drilling operation, associated testing and long-term oil production at the Biscathorpe site.
Union Jack holds a 45% economic interest in PEDL253.
The appeal documentation was submitted to the Planning Inspectorate ("PINS") on 12 April 2022. The appeal will now be validated by PINS before an Inspector is appointed and a timetable defined. The expectation is that the appeal will be decided under the Written Representations procedure, a process where PINS will consider written evidence from the appellant, the local planning authority and anyone else who has an interest.
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 Broker
Richard Morrison
Richard Hail
Caroline Rowe