12 November 2024
Union Jack Oil plc
("Union Jack" or the
"Company")
Wressle Planning Update
PEDL180/PEDL182
Union Jack Oil plc (AIM: UJO, OTCQB: UJOGF), a
UK and USA focused onshore hydrocarbon, production, development,
exploration and investment company, confirms that, as expected and
indicated in the announcement dated 18 October 2024, planning
permission for the Wressle development, initially granted on 13
September 2024, has been formally rescinded. This is on the basis
that the North Lincolnshire Council ("NLC") omitted to consider the
likely Scope 3 GHG (greenhouse gas) emissions associated with the
project when determining if the proposed development required an
Environmental Impact Assessment ("EIA"). This is a consequence of
the Supreme Court Finch ruling in June 2024, which post-dated the
original EIA screening decision by the NLC made in July
2023.
The Operator, Egdon Resources U.K. Limited,
will now provide the NLC with an analysis of Scope 3 GHG emissions
for the proposed development conducted by an independent
third-party specialist company and request a new EIA screening
opinion. Depending on the outcome of this decision, a new
determination of the Wressle planning application will be made
based on either the existing submitted information or with the
requirement for a new Environmental Statement.
This decision has no effect on the existing
planning consent at Wressle and production and operations continue
with no detriment to Union Jack and its partners.
The Company holds a 40% interest in the Wressle
development.
For further
information, please contact:
Union Jack Oil
plc
info@unionjackoil.com
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