TIDMUKOG

RNS Number : 7671W

UK Oil & Gas PLC

27 April 2021

UK Oil & Gas PLC

("UKOG" or the "Company")

Founder membership of Geothermal Energy Advancement Association

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that the Company has become one of the six founder members of the newly-formed Geothermal Energy Advancement Association ("GEAA").

GEAA's mission is to advocate increased awareness of and investment in geothermal energy as a key sustainable source for zero-carbon electricity, heat, hot water. As reported in UKOG's latest Annual Report, the Company plans to be increasingly active in this newly-emerging sector, where we possess the key subsurface, engineering and commercial skills necessary to make such projects work.

UKOG is actively scoping two new standalone geothermal projects in the UK, together with a hybrid geothermal, solar and battery storage project at our Horse Hill site. We also plan to review geothermal opportunities onshore Turkey once our forthcoming Basur-3 appraisal well has been completed.

A copy of GEAA's press release of 26(th) April 2021 can be found on the Company's website www.ukogplc.com.

Stephen Sanderson UKOG's Chief Executive commented:

"With increased investment and a wider understanding of how geothermal energy can be used, geothermal can become a key part of the UK's low-carbon future."

Qualified Person's Statement

Matt Cartwright, UKOG's Commercial Director, who has 37 years of relevant experience in the global oil industry, has approved the information contained in this announcement. Mr Cartwright is a Chartered Engineer and member of the Society of Petroleum Engineers.

For further information, please contact:

 
  UK Oil & Gas PLC 
  Stephen Sanderson / Kiran Morzaria   Tel: 01483 941493 
  WH Ireland Ltd (Nominated Adviser 
   and Broker) 
  James Joyce / James Sinclair-Ford    Tel: 020 7220 1666 
  Communications 
  Brian Alexander                      Tel: 01483 941493

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCKZGZDDNMGMZM

(END) Dow Jones Newswires

April 27, 2021 10:53 ET (14:53 GMT)

Uk Oil & Gas (LSE:UKOG)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Uk Oil & Gas Charts.
Uk Oil & Gas (LSE:UKOG)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Uk Oil & Gas Charts.