Egdon Resources plc (AIM: EDR) notes the movement in its share price and the speculation surrounding the Wressle Oil Field.  As notified on 29 April 2019, the planning inquiry to hear the Company’s appeal against the refusal of planning consent for the development of the Wressle Oil Field by North Lincolnshire Council’s Planning Committee is scheduled to commence on 5 November 2019. 

The Company has been advised that following a closed meeting held by North Lincolnshire Council (“NLC”) on 17 July 2019, a decision has been made that NLC will not be presenting evidence at the Public Inquiry and will withdraw its case in respect of this appeal subject to the agreement of acceptable planning conditions.

While the Company considers this to be a very positive development, we still need to obtain planning permission via appeal and the Company remains focused on presenting its case for the Wressle development to the independent professional Planning Inspector in November.