Last checked at 22 Jan 2021 07:00
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement
22 January 2021
Union Jack Oil plc
West Newton A Site Planning Update
Union Jack Oil plc (AIM: UJO), a UK focused onshore hydrocarbon production, development and exploration company, notes that Rathlin Energy (UK) Limited ("Rathlin" or "the Company"), the Operator of PEDL183, has communicated the following positive planning update to local residents and the West Newton Community Liaison Group.
"Rathlin has received a Screening Opinion from the East Riding of Yorkshire Council in response to the Company's screening request for the proposed West Newton A site extension.
"The proposed extension of the existing West Newton A (WNA) wellsite and associated work programme would provide for testing, appraisal and production from the two existing wells (WN-A1 and WN-A2) and the potential for drilling, testing, appraisal and production from up to six (6) new wells on the WNA site over a 25 year period.
"The East Riding of Yorkshire Council`s Screening Opinion considers that the proposed development would not comprise EIA (Environmental Impact Assessment) development.
"Rathlin will be undertaking public consultation on the West Newton A site development plan over the coming months and ahead of the submission of any formal planning application.
"Information regarding the screening request is available on the East Riding of Yorkshire Council`s planning portal."
For further information, please contact:
Union Jack Oil plc Via Cassiopeia Services Ltd
David Bramhill
SP Angel Corporate Finance LLP +44 (0)20 3470 0470
Nominated Adviser and Broker
Richard Morrison
Richard Hail
Caroline Rowe
Cassiopeia Services Ltd +44 (0)7949 690 338
Public Relations
Stefania Barbaglio