An appeal is planned to be submitted later in the current quarter.
The joint ventures partners had applied for permission to drill a side-track well plus testing and long term production at the Biscathorpe site, on the PEDL253 licence.
UJO owns a 45% economic interest in Biscathorpe and it noted that the decision to appeal follows the review of the council’s decision notice, along with planning and legal advisers.
Documentation is currently being prepared and the submission is expected in the first quarter of 2022.
PEDL253 is located in the South Humber Basin, within a proven hydrocarbon fairway and is described as ‘on trend’ with the Keddington oilfield and the Saltfleetby gasfield.
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is…
In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash…
Read More: Union Jack Oil Plc says Biscathorpe partners to appeal for planning permission