RNS Number : 5325L

UK Oil & Gas PLC

16 May 2022

UK Oil & Gas PLC

("UKOG" or the "Company")

NSTA approves conversion of HH-2z into a water reinjector

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that following the Environment Agency's Horse Hill production consent as announced on 4(th) May 2022, the North Sea Transition Authority ("NSTA"), formerly the Oil and Gas Authority, has now granted its formal consent for the recompletion (i.e., conversion) of Horse Hill-2z into a water reinjection well. The Company holds an 85.635% operated interest in the Horse Hill oil field and surrounding PEDL137 licence.

With both the Environment Agency and NSTA permissions in hand, UKOG can now further expedite its plans for produced saline formation water reinjection at Horse Hill during 2022, which, if implemented, would remove the need for costly transportation and disposal of produced water at distant third-party sites.

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 
  James Joyce / Andrew de Andrade            Tel: 020 7220 1666 
  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.

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) Dow Jones Newswires

May 16, 2022 02:01 ET (06:01 GMT)

Grafico Azioni Uk Oil & Gas (LSE:UKOG)
Da Mag 2022 a Giu 2022 Clicca qui per i Grafici di Uk Oil & Gas
Grafico Azioni Uk Oil & Gas (LSE:UKOG)
Da Giu 2021 a Giu 2022 Clicca qui per i Grafici di Uk Oil & Gas