TIDMUKOG

RNS Number : 1464H

UK Oil & Gas PLC

02 August 2021

UK Oil & Gas PLC

("UKOG" or the "Company")

2-year extensions to PEDL137 & PEDL246 OGA work programmes

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that the Oil and Gas Authority has granted two-year extensions to the remaining drilling deadlines necessary to satisfy in full the agreed Retention Area ("RA") work programmes of the Company's operated 85.635% interest Horse Hill PEDL137 and PEDL246 licences.

Both extensions are retroactive and take effect from the RA anniversary date of 30(th) September 2020 for PEDL137 and 30(th) June 2020 for PEDL246. Fulfilment of the RA programme enables the Company to retain all the licenced area vs. a relinquishment of part of the licence.

The respective RA programme deadlines are now as follows:

   --    PEDL137: commence drilling a Kimmeridge appraisal well by 30 September 2022. 
   --    PEDL246: commence drilling a Kimmeridge exploration well by 30 June 2025. 

The extensions are in response to the coronavirus pandemic.

For further information, please contact:

 
 
   UK Oil & Gas PLC 
    Stephen Sanderson / Kiran Morzaria            Tel: 01483 941493 
  WH Ireland Ltd (Nominated Adviser and Broker) 
   James Joyce / James Sinclair-Ford              Tel: 020 7220 
                                                   1666 
  Communications 
  Brian Alexander                                 Tel: 01483 941493 
 

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

MSCBLGDRSXXDGBG

(END) Dow Jones Newswires

August 02, 2021 02:00 ET (06:00 GMT)

Grafico Azioni Uk Oil & Gas (LSE:UKOG)
Storico
Da Feb 2024 a Mar 2024 Clicca qui per i Grafici di Uk Oil & Gas
Grafico Azioni Uk Oil & Gas (LSE:UKOG)
Storico
Da Mar 2023 a Mar 2024 Clicca qui per i Grafici di Uk Oil & Gas