Upland Resources Limited announced the termination of its conditional farm-in agreement for 10% of the Wressle Development project. This follows the Planning Inspectorate's recent decision to reject the appeals by Egdon Resources U.K. Limited, as operator, against two of the three planning refusals by North Lincolnshire County Council's Planning Committee in respect of the development of the Wressle oil discovery in licences PEDL 180 and PEDL 182. Upland's wholly-owned subsidiary, Upland Resources (UK Onshore) Limited, entered into a conditional agreement dated 24 November 2016 for the farm-in by Upland UK to a 10% interest in each of PEDLs 180 and 182, including the Wressle Field development. Upland UK and Europa had agreed to extend the 'long-stop' date for satisfaction of the conditions to completion of the Wressle Farm-in Agreement to 28 February 2018. One of the outstanding conditions to completion was the award of relevant planning permissions to the Wressle development, but that if this condition was not satisfied before that date, Upland UK would be under no obligation to complete the Wressle Farm-in Agreement or make payment for the 10% interests in PEDLs 180 and 182. Furthermore, in the event of rejection of any of the planning appeals, Upland UK had the right to terminate the Wressle Farm-in Agreement at any time following the result of the appeals being known, without having to wait until 28 February 2018.