Union Jack Oil notes today's update by Egdon Resources regarding the issue by the UK Environment Agency (EA) of the variation to the Mining Waste Permit in respect of the proposed Wressle conventional development and its associated operations.
The Wressle conventional development is located within PEDL180 and PEDL182. Union Jack holds a 15% interest in these licences (3.33% subject to Oil & Gas Authority approval).
The issue of the permit was a significant regulatory milestone in the approval of the Wressle development and lends further support to the new Planning Application, submitted on 28 April 2017.
Executive director David Bramhill said: "The directors of Union Jack are naturally pleased by the issuance of this key permit by the EA. This event is a further positive step towards the proposed development of the Wressle-1 discovery."