UK Oil & Gas PLC Horse Hill production facilities upgrade completed (2270M)
September 20 2021 - 2:00AM
UK Regulatory
TIDMUKOG
RNS Number : 2270M
UK Oil & Gas PLC
20 September 2021
UK Oil & Gas PLC
("UKOG" or the "Company")
Horse Hill production facilities upgrade completed
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce
that it has completed a planned two-week production facility
upgrade at its 85.635% owned Horse Hill oil field. Works included
modifications to prepare the site for automated 24-hour continuous
production operations, together with the installation of the first
tranche of permanent facility equipment required under the Health
and Safety Executive's Control of Major Accident Hazards (COMAH)
regulations. Following the shutdown period necessary to undertake
the works, oil production has now been re-established.
Qualified Person's Statement
Matt Cartwright, UKOG's Commercial Director, who has 38 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 900582
W H Ireland Ltd (Nominated Adviser and Broker)
James Joyce / Andrew de Andrade Tel: 020 7220 1666
Communications
Brian Alexander Tel: 01483 900582
UKOG Licence Interests
The Company has interests in the following UK and international
licences:
Asset Licence UKOG Licence Operator Area (km (2) ) Status
Interest Holder
Horndean UKOG (GB) IGas Energy Field in
(1) PL211 10% Limited Plc 27.3 stable production
---------- ---------- ------------------- ------------------- --------------- -------------------
Horse Horse Horse
Hill Hill Developments Hill Developments Field in
(1) (,) PEDL137 85.635% Ltd Ltd 99.3 stable production
---------- ---------- ------------------- ------------------- --------------- -------------------
Horse Horse Horse
Hill Hill Developments Hill Developments Field in
(1) (,) PEDL246 85.635% Ltd Ltd 43.6 stable production
---------- ---------- ------------------- ------------------- --------------- -------------------
Avington UKOG (GB) IGas Energy Field temporarily
(1) PEDL070 5% Limited Plc 18.3 shut in
---------- ---------- ------------------- ------------------- --------------- -------------------
Appraisal
Resan of Basur-Resan
Turkey Aladdin oil discovery
(2, 3, M-47-b1, UKOG Turkey Middle plus further
8) b2 50% Ltd East 305 expl. prospects
---------- ---------- ------------------- ------------------- --------------- -------------------
Loxley/Godley
Bridge gas
Loxley discovery,
(2, 3, UKOG (234) UKOG (234) BB-1/1z
7) PEDL234 100% Ltd (4) Ltd (4) 300 oil discovery
---------- ---------- ------------------- ------------------- --------------- -------------------
Planning
application
submitted
Isle for Arreton
of Wight oil appraisal
(2, 3) PEDL331 95% UKOG UKOG 200 well
---------- ---------- ------------------- ------------------- --------------- -------------------
Notes:
1. Oil field currently in stable production.
2. Oil discovery pending development and/or appraisal
drilling.
3. Exploration asset with drillable prospects and leads.
4. Contains the Loxley Portland gas accumulation, the Broadford
Bridge-1/1z Kimmeridge oil discovery, plus further undrilled
Kimmeridge exploration prospects.
5. Portland and Kimmeridge oil field with productive and
commercially viable zones, HH-1 in stable oil production,
production planning consent granted in September 2019, long-term
production consent granted in March 2020.
6. UKOG has a direct 77.9% interest in HHDL, which has a 65% interest in PEDL137 and PEDL246.
7. Gas discovery pending appraisal drilling and development with underlying Kimmeridge potential
8. High-impact oil appraisal project with an upside OIP range of
150-500 mmbbl gross with expected recovery factors of 10-20% of
OIP
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 596/2014
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END
UPDDGGDCIBBDGBC
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