UK Oil & Gas PLC 2-year extension to PEDL137/PEDL246 OGA programmes (1464H)
02 Agosto 2021 - 08:00AM
UK Regulatory
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
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