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Biscathorpe oil JV wins appeal to drill, test and produce from side-track

Licence PEDL253 holders Union Jack Oil plc (45%), operator Egdon Resources Ltd (35.8%) and Montrose Industries Ltd (19.2%) secured permission after Lincolnshire County Council last year rejected their application.

The partners will review the planing inspector’s decision notice and planning conditions while Egdon talks to the local community to ensure activities have “minimal impact on local amenity”, said Union Jack.

Executive chairman David Bramhill added that hydrocarbon shows, elevated gas readings and sample fluorescence were previously observed “over the entire interval from the top of the Dinantian to the total depth of the well, with 68 metres being interpreted as oil-bearing”.

Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.

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