Egdon Resources PLC Wressle Planning Consent Refused (8121I)
November 28 2018 - 11:15AM
UK Regulatory
TIDMEDR
RNS Number : 8121I
Egdon Resources PLC
28 November 2018
28 November 2018
EGDON RESOURCES PLC
("Egdon" or "the Company")
Wressle Planning Consent Refused
Egdon Resources plc (AIM:EDR) advises that its application for
planning consent for the Wressle Development was refused at today's
meeting of the North Lincolnshire Council Planning Committee ("the
Committee"). The application had been recommended for approval by
North Lincolnshire County Council's planning officers.
Mark Abbott, Managing Director of Egdon Resources plc, said:
"The decision of the Committee, whilst not entirely unexpected,
is nonetheless disappointing given that the application had been
recommended for approval by North Lincolnshire Council's own
professional planning officer who had the benefit of a positive
assessment by specialist independent technical consultants.
We agree with the conclusion of the planning officer and the
independent consultants and strongly believe the new application
for the development of the Wressle oil field fully and
comprehensively addresses the reasons for the refusal of the
original planning applications and the subsequent appeals and
therefore intend to appeal this decision without delay. We will
begin preparing the appeal documentation on receipt of the
Committee's decision notice."
For further information please contact:
Egdon Resources plc
Mark Abbott 01256 702 292
Buchanan
Ben Romney, Chris Judd 020 7466 5000
Nominated Adviser and Broker - Cantor Fitzgerald Europe
David Porter/Nick Tulloch (Corporate Finance) 020 7894 7000
Caspar Shand Kydd / Gregor Paterson (Sales)
Joint Broker - VSA Capital Limited
Andrew Monk (Corporate Broking) 020 3005 5000
Andrew Raca (Corporate Finance)
Notes to Editors:
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 3 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.
During November 2017, a planning inquiry was held to consider
the two appeals for development approval and the appeal of the
variation of the existing planning for the site. On 5 January 2018,
we announced that the Inspector had rejected the appeals by Egdon
against the two planning refusals by North Lincolnshire County
Council's Planning Committee. However, the Planning Inspectorate
did uphold Egdon's appeal against the decision to refuse the
application to retain the existing planning for the well site,
which is was retained until the 28 April 2018.
A new application to extend the current planning consent was
submitted on 13 April 2018 and refused 1 August 2018 and the
company announced its intention to appeal the decision
On 5 July we announced the submission to North Lincolnshire
Council of a new planning application for the development of the
Wressle oil field.
Egdon Resources plc (LSE: EDR) is an established UK-based
exploration and production company focused on onshore exploration
and production in the hydrocarbon-producing basins of the UK.
Egdon holds interests in 44 licences in the UK and has an active
programme of exploration, appraisal and development within its
portfolio of oil and gas assets. Egdon is an approved operator in
the UK.
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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