Egdon appeals planning refusal for drilling at Biscathorpe

13th Apr 2022 13:40

(Sharecast News) - Egdon Resources confirmed on Wednesday that it has submitted an appeal against the refusal of planning permission by Lincolnshire County Council at Biscathorpe.

The AIM-traded firm said the planning application was for a side-track drilling operation, associated testing and long-term oil production at the Biscathorpe site, held under licence PEDL253.

Egdon is the operator of PEDL253 and holds a 35.8% interest in the licence, with its AIM colleague Union Jack Oil holding a 45% economic interest.

"The appeal documentation was submitted to the Planning Inspectorate (PINS) on 12 April," Egdon said in its statement.

"The appeal will now be validated by PINS before an inspector is appointed and a timetable is defined.

"The expectation is that the appeal will be decided under the written representations procedure, a process where PINS will consider written evidence from the appellant, the local planning authority and anyone else who has an interest in the appeal."

At 1317 BST, shares in Egdon Resources were up 1.71% at 3.92p, while those in Union Jack Oil were down 2.44% at 28.78p.