UK Oil & Gas PLC Horse Hill Update (0477W)
15 Agosto 2022 - 12:59PM
UK Regulatory
TIDMUKOG
RNS Number : 0477W
UK Oil & Gas PLC
15 August 2022
UK Oil & Gas PLC
("UKOG" or the "Company")
Horse Hill Update
UK Oil & Gas PLC (London AIM: UKOG) announces that further
to the Court of Appeal's February 2022 dismissal of the challenge
by Finch on behalf of the Weald Action Group (Finch et al) to
Surrey County Council's grant of Horse Hill production consent
(UKOG 85.635%) , the Company now understands that, disappointingly,
but perhaps not unsurprisingly, the claimant has been given a final
legal avenue to appeal to the Supreme Court. Should the claimant
adopt this final permitted course of action, it is expected to be
heard some time from Q2 2023 onwards. No further action by the
claimant will be permissible after any such hearing. Planning
consent currently remains in full force and lawful oil production
at Horse Hill will continue until further notice.
At the last count, five judges and the Court of Appeal have
dismissed this case. Consequently, the Company and its legal
counsel remain convinced that planning consent was granted entirely
lawfully, and will, therefore, strongly contest any further action
against its interests.
Following the Environment Agency's full Horse Hill production
consent in May this year, a new Unico pump has recently been
installed in the H H-1 oil producer. The prior pump is being
refurbished as an additional spare. Preparatory work towards
converting HH-2z into a produced saline water reinjector
continues.
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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