Biscathorpe Planning Consent Refused

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

1 November 2021

Union Jack Oil plc

("Union Jack" or the "Company")

Biscathorpe Planning Consent Refused

Union Jack Oil plc (AIM: UJO) a UK focused onshore hydrocarbon production, development and exploration company advises that a planning application for a side-track drilling operation, associated testing and long-term oil production at the Biscathorpe site (PEDL253) was refused at today's meeting of the Lincolnshire County Council Planning Committee.

The application, submitted by Egdon Resources UU.K. Limited, had been recommended for approval by Lincolnshire County Council's planning officers.

The Joint Venture awaits the formal decision notice before taking advice and considering its options which include an appeal.

Union Jack holds a 45% economic interest in PEDL253.

For further information, please contact                 

Union Jack Oil plc                                                                                              [email protected]

David Bramhill

SP Angel Corporate Finance LLP                                                                         +44 (0)20 3470 0470

Nominated Adviser and Broker

Richard Morrison

Richard Hail

Caroline Rowe