TIDMUJO

RNS Number : 4451Z

Union Jack Oil PLC

25 January 2022

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

25 January 2022

Union Jack Oil plc

("Union Jack" or the "Company")

Biscathorpe Planning Appeal Update

Union Jack Oil plc (AIM: UJO) a UK focused onshore hydrocarbon production, development and exploration company, is pleased to advise that the Company has been advised by the Operator of PEDL253 (Egdon Resources U.K. Limited), of their intention, on behalf of the Joint Venture, to submit an appeal against the refusal of planning permission by Lincolnshire County Council ("LLC"), on 1 November 2021, for a side-track drilling operation, associated testing and long-term oil production at the Biscathorpe site on PEDL253.

PEDL253 is situated within the proven hydrocarbon fairway of the South Humber Basin and is on-trend with the Keddington oilfield (Union Jack 55%) and the Saltfleetby gasfield.

Union Jack holds a 45% economic interest in PEDL253.

The decision has been made after reviewing LLC's Decision Notice, received on 6 December 2021, taking advice from planning and legal advisers and agreement from the Joint Venture partners.

The appeal documentation is currently in preparation and is expected to be submitted during Q1 2022.

For further information, please contact

Union Jack Oil plc info@unionjackoil.com

David Bramhill

SP Angel Corporate Finance LLP +44 (0)20 3470 0470

Nominated Adviser and Broker

Richard Morrison

Richard Hail

Caroline Rowe

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCBKQBNOBKDODB

(END) Dow Jones Newswires

January 25, 2022 02:00 ET (07:00 GMT)

Union Jack Oil (LSE:UJO)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Union Jack Oil Charts.
Union Jack Oil (LSE:UJO)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Union Jack Oil Charts.