Union Jack Oil (GB:UJO) has released an update.
Union Jack Oil has announced that planning permission for its Wressle development has been rescinded due to a need for further analysis of greenhouse gas emissions. The operator, Egdon Resources, will provide a new assessment to North Lincolnshire Council, which will determine whether a new environmental impact assessment is needed. Despite this setback, existing operations continue unaffected, and Union Jack retains its 40% stake in the project.
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