StockMarketWire.com - Egdon Resources says it is very disappointed that North Lincolnshire County Council's planning committee has refused planning consent for the development of the Wressle oil field at Lodge Farm.

At the same meeting the application for the installation of groundwater monitoring boreholes was approved.

Managing director Mark Abbott said: "We are very disappointed by the decision of the Committee that goes against the positive recommendation of their Planning Officer which was determined after an extensive and thorough review of our proposals.

"Our business has been operating exploration and production sites in a safe and environmentally sensitive manner across the region for many years, engaging with communities, employing local people and investing in the local supply chain.

"We will now take time to consider our options including our right to bring forward an appeal."


At 4:21pm: [LON:EDR] Egdon Resources PLC share price was -2.25p at 13.5p



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