Union Jack Oil PLC Wressle Development – Appeal and New Planning Application Update

Union Jack Oil

Union Jack Oil plc (LON:UJO), an onshore oil and gas production and exploration company with a focus on production, exploration, development and investment opportunities in the United Kingdom hydrocarbon sector has today announced an update in respect of an appeal and other planning related matters regarding the Wressle conventional development within PEDL180 and PEDL182 of which Union Jack hold a 15% interest (3.33% subject to approval from the Oil and Gas Authority).

Highlights

· Appeal process to commence today
· New planning application being submitted to begin in parallel with appeal process
· Environmental Permit from the Environment Agency expected to be issued by end of April 2017
· Water monitoring boreholes for Wressle successfully installed

The Operator, Egdon Resources plc (LON:EDR) announced that it will today start the appeal process through the Planning Inspectorate in respect of the decision by North Lincolnshire County Council (“the Council”) on 11th January 2017 to decline planning consent for the development of the conventional Wressle Oil Field at Lodge Farm, Wressle, North Lincolnshire.

It is expected that the Planning Inspectorate will validate the appeal documentation within the next 14 days and will then notify Egdon and the Council of the start date and timetable for the appeal process.

As previously announced a new planning application for the Wressle development containing comprehensive information to address the points previously raised by the Council will be submitted to run in parallel with the Appeal process. The new planning application will be submitted during April 2017.

The Environmental Permit for the Wressle development is anticipated to be issued during late April 2017, subject to the outcome of the current consultation process on the draft permit which closes shortly.

The water monitoring boreholes for the existing Wressle site, for which planning consent was received from the Council at the 11th January 2017 planning meeting were successfully installed during February 2017.

David Bramhill, Executive Chairman of Union Jack Oil Plc, commented: “Extensive work has been carried out by the Operator to progress the appeal process and Environmental clearance for the development of the conventional Wressle Oil Field during the last three months, with the full support of the Joint Venture partners. Union Jack look forward to progressing to first oil from this discovery”

We’ll keep you in the loop!

Join 1,000's of investors who read our articles first

We don’t spam! Read our privacy policy for more info.

Share on:
Find more news, interviews, share price & company profile here for:

Union Jack Oil confirms spudding of Sark well in Oklahoma

Union Jack Oil has confirmed that the Sark well in Central Oklahoma has been spudded, with the company holding a 60% interest. The well is operated by Reach Oil and Gas Inc., and follows the recent success of the producing Moccasin well.

Union Jack Oil director increases shareholding

Union Jack Oil Non-Executive Director Craig Howie has acquired 122,000 shares at 5.075 pence each, raising his total holding to 3,377,000 shares, representing 2.21% of the company’s issued share capital.

Union Jack Oil explores Bitcoin mining to monetise West Newton gas

Union Jack Oil has announced early-stage plans to monetise gas from its West Newton discovery by powering on-site Bitcoin mining operations. A non-binding LOI has been signed with Texas-based 360 Energy to develop a gas-to-crypto solution, aiming to generate near-term revenue while full field development progresses.

Union Jack Oil calls General Meeting to approve fundraising warrants

Union Jack Oil has scheduled a General Meeting for 26 August 2025 to seek shareholder approval for the issue of warrants linked to its recent fundraising. The meeting will be held at The Bristol Hotel, with full details available on the company’s website.

Union Jack Oil raises £2m to fund three-well Oklahoma programme

Union Jack Oil has raised £2 million via a placing and subscription of 40,000,000 new shares at 5p, with one 8p warrant per share subject to shareholder approval. Proceeds will fund a three-well Oklahoma drilling programme costing about US\$3 million. Admission is expected on 29 July 2025, leaving 146,565,896 voting shares.

Union Jack Oil to acquire 60% stake in Sark well, Central Oklahoma

Union Jack Oil has signed a farm-in agreement with Reach Oil and Gas to acquire a 60% working interest, paying 80%, in the Sark well planned for drilling in early Q3 2025 in Central Oklahoma, USA.

Search

Search