Holmwood Exploration Well Update on Environment Agency Permit
February 19 2018 - 5:15AM
ADVFN NewsWire
UNION JACK OIL PLC
(AIM: UJO)
Holmwood
Exploration Well Update on Environment Agency
Permit
Union Jack Oil plc ("Union
Jack" or the "Company"), a UK-focused,
onshore oil and gas production and exploration company notes the
announcement released today by Europa Oil & Gas (Holdings) plc
("Europa"), in respect of PEDL143, where Union
Jack holds a 7.5% interest. Europa included the following
statements:
"Europa Oil & Gas (Holdings) plc, the
UK and Ireland focused exploration, development and production
company, is pleased to note a draft decision advertisement issued
by the Environment Agency on 15 February (http://bit.ly/2C3rPDh)
that it is inclined to award a bespoke environmental permit for
drilling and testing the Holmwood exploration well in PEDL 143 at
Bury Hill Wood, Coldharbour Lane, Surrey. Further information can
be found on the Environment Agency website http://bit.ly/2Eu00ph.
A four-week public consultation process
runs from 15 February to 15 March. The Environment Agency issued a
press release on 16 February regarding the consultation process.
For further information, follow this link: http://bit.ly/2Buoa05.
Hugh Mackay CEO said "We are pleased to have
reached this important stage in the environmental permitting
process. Whilst we are still in the determination process and a
final decision has not been made, it is nonetheless positive that
the Environmental Agency is inclined to approve. We look forward to
the outcome of the consultation process and will keep shareholders
updated.""
For further information, please
contact:
Union Jack Oil plc
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+44 (0)7787 160 682
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David Bramhill
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SP Angel Corporate Finance LLP
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+44 (0)20 3470 0470
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Nominated Adviser and Joint Broker
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Lindsay Mair
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Richard Hail
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Turner Pope Investments (TPI) Ltd
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+44 (0)20 3621 4120
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Joint Broker
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Ben Turner
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James Pope
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