StockMarketWire.com - Egdon Resources said it 'strongly believed' that its revamped proposals would address the concerns raised by the planning inspector as it seeks to overturn decision that had led to rejection of its initial development proposals for the Wressle oil field in November last year.

The appeal, submitted on 1 February, would now be validated by the planning inspectorate and a bespoke timetable advised for the appeal process which would lead to a planning inquiry in due course, the company said.

'We strongly believe that the new proposals for the development of the Wressle oil field comprehensively addressed the reasons highlighted by the Planning Inspector in his dismissal of our original appeals in January 2018. This position was supported by the recommendation for approval given by the Council's Planning Officer as reinforced by an expert third party review undertaken on behalf of the Council,' said Mark Abbott, Managing Director of Egdon Resources.


At 10:42am: [LON:EDR] Egdon Resources PLC share price was +0.15p at 8.25p



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