UK Oil & Gas PLC One-year work programme on PEDL137 Horse Hill (3685L)
13 Maggio 2022 - 8:01AM
UK Regulatory
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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