TIDMUKOG

RNS Number : 4594C

UK Oil & Gas PLC

21 June 2021

UK Oil & Gas PLC

("UKOG" or the "Company")

PEDL234 Loxley drilling commitment deadline extended by two years

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that the Oil and Gas Authority has granted a two-year extension to the time period in which the Company's 100% interest PEDL234 Loxley-1 gas appraisal well must commence. In order to satisfy the licence's Retention Area programme, Loxley-1 drilling must now commence before 31(st) December 2023.

The drilling extension was granted in response to delays beyond the Company's control caused by both the pandemic and by the Company's appeal to the Planning Inspectorate against Surrey County Council's ("SCC") decision on 15 (th) December 2020 to refuse planning consent for the Loxley gas appraisal drilling project.

The Company now looks forward to presenting a robust case for the grant of Loxley planning consent to the Planning Inspector at the forthcoming public inquiry, due to commence on 27(th) July 2021 .

Senior legal counsel continues to advise that, given SCC's cited reasons for refusal, there are strong grounds to expect a positive inquiry outcome for the Company.

UKOG's Statement of Case as submitted to the Planning Inspectorate in February 2021 as part of the appeal process can be viewed on its website:

https://www.ukogplc.com/

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

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014

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

MSCVVLFFFQLLBBL

(END) Dow Jones Newswires

June 21, 2021 02:01 ET (06:01 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.