03:00 Mon 29 Jul 2019
Union Jack Oil PLC - Wressle Planning Update
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
("Union Jack" or the "Company")
Wressle Planning Update
As notified to shareholders on
The Operator has been advised that, following a closed meeting held by
The conventional Wressle-1 well discovered hydrocarbons in 2014. During testing, a total of 710 barrels of oil equivalent per day were recovered from three separate reservoirs, the Ashover Grit, the Wingfield Flags and the Penistone Flags. In
"Echoing the Operator's comment, while this can be considered a very positive development, planning permission via appeal still needs to be obtained and the Operator, on behalf of the Joint Venture partners, remains focused on presenting the case for the Wressle development to the independent Planning Inspector in
Competent Person's Statement
In accordance with the "AIM Rules - Note for Mining and Oil and Gas Companies", the information contained within this announcement has been reviewed and signed off by
For further information, please contact:
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+44 (0)7787 160 682 |
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+44 (0)20 3470 0470 |
Nominated Adviser and broker |
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+44 (0)7949 690 338 |
Public Relations |
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Stefania Barbaglio |
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