Egdon Resources PLC Wressle Planning Appeal Update (9155K)
July 13 2017 - 2:00AM
UK Regulatory
TIDMEDR
RNS Number : 9155K
Egdon Resources PLC
13 July 2017
For Immediate Release 13 July 2017
EGDON RESOURCES PLC
("Egdon" or "the Company")
Wressle Planning Appeal Update
Egdon Resources plc (AIM:EDR) announces that it will appeal the
decision of North Lincolnshire Council's Planning Committee of 3
July 2017 to refuse planning consent for a second time for the
development of the Wressle Oil Field at Lodge Farm, Wressle, North
Lincolnshire (Application PA/2017/696).
Notices advertising our intent to appeal will be displayed in
the local parishes and published in the local paper over the coming
week in accordance with planning law and an appeal will be
submitted without delay shortly afterwards.
Egdon will request the Planning Inspectorate to co-join this new
appeal with the appeal against the refusal of planning permission
of 11 January 2017. The first appeal is currently scheduled for
early November 2017.
Egdon can also advise that it will separately appeal the
decision of the 3 July 2017 meeting to refuse application
PA/2017/268 which requested a twelve month extension to the
existing planning consent for the site.
Mark Abbott, Managing Director of Egdon Resources plc, said:
"We are compelled to bring forward appeals against both of the
decisions of North Lincolnshire Council's special Planning
Committee meeting of 3 July 2017. Following a thorough and detailed
consultation and evaluation, both applications were recommended for
approval by the Council's Head of Development Management and
Building Control and had support from the key statutory and
regulatory consultees. In addition the environmental permit for the
proposed Wressle development has been issued by the Environment
Agency since the original decision in January of this year. We now
look forward to presenting our case at the forthcoming public
inquiry."
For further information please contact:
Egdon Resources plc
Mark Abbott 01256 702 292
Buchanan
Richard Darby, Anna Michniewicz 020 7466 5000
Nominated Adviser and Broker - Cantor Fitzgerald Europe
David Porter, Sarah Wharry (Corporate Finance) 020 7894 7000
Mark Westcott (Sales)
Joint Broker - VSA Capital Limited
Andrew Monk (Corporate Broking) 020 3005 5000
Andrew Raca (Corporate Finance)
Notes to Editors:
Wressle
The Wressle-1 well was drilled in 2014 and tested in 2015. The
Wressle-1 well has flowed oil and gas from three separate
reservoirs, the Ashover Grit, the Wingfield Flags and the Penistone
Flags. This totalled 710 barrels of oil equivalent per day from all
zones. In September 2016 a Competent Person's Report made
independent estimates of Reserves and Contingent and Prospective
oil and gas Resources for the Wressle discovery of 2.15 million
stock tank barrels classified as discovered (2P+2C). Further
information can be found at our Wressle Oil and Gas Discovery page
http://www.egdon-resources.com/home/project-sites/wressle/
Wressle Planning history
On 11 January 2017 North Lincolnshire Council refused planning
consent for the original application for the development of the
Wressle Oil Field at Lodge Farm, Wressle, North Lincolnshire.
On 7 February 2017 Egdon announced that it would both appeal the
decision of 11 January 2017 and in parallel submit a new Planning
Application for the Wressle development which would include even
more detailed information to address the specific concerns outlined
by North Lincolnshire Council in their refusal.
On 11 April 2017, Egdon submitted an appeal against North
Lincolnshire Council's decision to refuse planning consent.
On 28 April 2017 Egdon submitted a new application for the
Wressle Development including additional detailed information to
address the specific concerns raised by North Lincolnshire Council
in its 11 January 2017 decision to refuse the original application
for the development of the Wressle Oil Field.
On 19 May 2017 Egdon announced the issue by the Environment
Agency of the variation to the Mining Waste Permit for the planned
Wressle field development and associated operations.
On 3rd July 2017 the new planning application was also refused.
The variation of the existing planning for the site requesting a
twelve month extension was also refused at the same meeting.
Egdon Resources plc
Egdon Resources plc (LSE: EDR) is an established UK-based
exploration and production company primarily focused on onshore
exploration and production in the hydrocarbon-producing basins of
the UK.
Egdon holds interests in 45 licences in the UK and France and
has an active programme of exploration, appraisal and development
within its balanced portfolio of oil and gas assets. Egdon is an
approved operator.
Egdon was formed in 1997 and listed on AIM in December 2004.
In accordance with the AIM Rules - Note for Mining and Oil and
Gas Companies, the information contained in this announcement has
been reviewed and signed off by the Managing Director of Egdon
Resources plc Mark Abbott, a Geoscientist with over 26 years'
experience.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the
publication of this announcement via Regulatory Information Service
("RIS"), this inside information is now considered to be in the
public domain.
Evaluation of hydrocarbon volumes has been assessed in
accordance with 2007 Petroleum Resources Management System prepared
by the Oil and Gas Reserves Committee of the Society of Petroleum
Engineers (SPE) and reviewed and jointly sponsored by the World
Petroleum Council (WPC), the American Association of Petroleum
Geologists (AAPG) and the Society of Petroleum Evaluation Engineers
(SPEE).
This information is provided by RNS
The company news service from the London Stock Exchange
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