Union Jack Oil plc (LON:UJO), a UK-focused, onshore oil and gas exploration and production company, notes today’s update by Egdon Resources plc, regarding the issue by the UK Environment Agency (“EA”) of the variation to the Mining Waste Permit, in respect of the proposed Wressle conventional development, located within PEDL180 and PEDL182, and its associated operations. Union Jack holds a 15% interest in these licences (3.33% subject to Oil & Gas Authority approval).
The issue of the permit is a significant regulatory milestone in the approval of the Wressle development and lends further support to the new Planning Application, submitted on 28 April 2017.
Commenting, David Bramhill, Executive Director of Union Jack Oil plc, said: “The directors of Union Jack are naturally pleased by the issuance of this key permit by the EA. This event is a further positive step towards the proposed development of the Wressle-1 discovery.”
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.