After the photograph was published, a representative of the Chivenor Search and Rescue told the North Devon Journal that it had not received any reports of UFO sightings in the area. It also pointed out that rescue workers had been on a training exercise on Saturday, so the mysterious object may have been one of its aircraft. Read more here.
I've got mixed feelings about the existence of UFOs. Whilst I believe there could be other intelligent life on distant planets, most of the so-called sightings can be explained away as something else occurring in the area. I'd love to hear your views.