TIDMUKOG

RNS Number : 3685L

UK Oil & Gas PLC

13 May 2022

UK Oil & Gas PLC

("UKOG" or the "Company")

One-year work programme extension on PEDL137 Horse Hill

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that the North Sea Transition Authority (formerly the Oil and Gas Authority) has granted a one-year extension to the agreed Retention Area work programme of the Company's operated PEDL137 licence (UKOG 85.635%) containing the producing Horse Hill oil field and its underlying Kimmeridge oil pool.

The extension grants an additional year in which to drill a second Horse Hill Kimmeridge well, with the commencement of drilling to be prior to 30(th) September 2023.

For further information, please contact:

 
  UK Oil & Gas PLC 
  Stephen Sanderson / Matt Gormley / Allen   Tel: 01483 941493 
   D Howard 
  WH Ireland Ltd (Nominated Adviser and 
   Broker) 
  James Joyce / Andrew de Andrade            Tel: 020 7220 1666 
  Communications 
  Brian Alexander                            Tel: 01483 941493 
 

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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END

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May 13, 2022 02:01 ET (06:01 GMT)

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