UK Oil & Gas PLC Horse Hill Work Programme Extended by NSTA (3978W)
12 Dicembre 2023 - 8:00AM
UK Regulatory
TIDMUKOG
RNS Number : 3978W
UK Oil & Gas PLC
12 December 2023
UK Oil & Gas PLC
("UKOG" or the "Company")
Horse Hill Work Programme Extended by NSTA
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce
that the North Sea Transition Authority has granted a one-year
extension to the PEDL137 Retention Area Work Programme ("RAWP")
containing the Company's Horse Hill producing oil field (UKOG
85.635% effective interest).
The RAWP now extends to 30th September 2025 and fully
corresponds to the farmin programme agreed with Pennpetro Energy
Plc, comprising one new production well, HH-3, plus a 12 km(2) 3D
seismic survey (see RNS of 28 March and 11 December 2023). Seismic
acquisition is currently targeted to commence in H1 2024.
For further information, please contact:
UK Oil & Gas Plc
Stephen Sanderson / Allen D Howard Tel: 01483 941493
WH Ireland Ltd (Nominated Adviser and Broker)
James Joyce / Andrew de Andrade / James Bavister 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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