StockMarketWire.com - Union Jack Oil said a public inquiry to consider the development of the Wressle prospect in England had concluded, with a decision not expected to after UK national elections on 12 December.

Union Jack owned 27.5% of licences PEDL180 and PEDL182, which contained the Wressle hydrocarbon discovery. The venture was operated by Egdon Resources.

The public inquiry, which included a site visit concluded on Thursday, had commenced on Tuesday in Scunthorpe, Lincolnshire -- meaning it had taken only three days instead of a planned six.

'With a general election campaign underway and planning inspectorate purdah in place, the company and its joint venture partners at Wressle expect a decision ... to be announced after 12 December, the date of the general election, and before the end of 2019,' Union Jack said.

Chief executive David Bramhill added: 'Union Jack, whose representatives were in attendance for all three days of the planning inquiry, believes that the operator, Egdon Resources, presented an extremely strong case on behalf of the joint venture partners, supported by their expert witness team.'



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