UK Oil & Gas PLC Isle of Wight Council reject Arreton application (5931P)
20 Ottobre 2021 - 8:00AM
UK Regulatory
TIDMUKOG
RNS Number : 5931P
UK Oil & Gas PLC
20 October 2021
UK Oil & Gas PLC
("UKOG" or the "Company")
Isle of Wight Council vote against Arreton planning
application
UK Oil & Gas PLC (London AIM: UKOG) is disappointed by
today's decision by the Isle of Wight Council's Planning Committee
to refuse consent for the appraisal and testing of the Arreton oil
and gas discovery. The Arreton discovery lies within the 200 km(2)
PEDL331 licence in which UKOG holds a 95% operated interest.
Today's decision goes against last week's recommendation by the
council's planning officers to approve the project. The Company
will now consider its position and whether to lodge an appeal with
the Planning Inspectorate.
The Company took considerable care and undertook much research
to minimise the potential impacts of the A-3 site, choosing a
location 300m distant from the A3056 and adjacent to land with
existing non-agricultural commercial uses, namely the Wight Farm
Anaerobic Digestion Energy Power Station and the Blackwater Quarry
for aggregates. No objections to the development were raised by
statutory consultees on environmental, drinking water, landscape or
health and safety grounds.
Chief Executive Stephen Sanderson commented:
" This decision underscores UKOG's change of focus over the past
year towards the international arena for oil and gas, plus its new
direction into geothermal and hydrogen-based energy in the UK. In
accordance with the Company's stated growth strategy, plans and
evaluations are reasonably advanced in several new projects
designed to grow the Company in these new areas."
Qualified Person's Statement
Matt Cartwright, UKOG's Commercial Director, who has 38 years of
relevant experience in the global petroleum industry, has approved
the information contained in this announcement. Mr Cartwright is a
Chartered Engineer and member of the Society of Petroleum
Engineers.
For further information, please contact:
UK Oil & Gas PLC
Stephen Sanderson / Kiran Morzaria Tel: 01483 900582
W H Ireland Ltd (Nominated Adviser and Broker)
James Joyce / Andrew de Andrade Tel: 020 7220 1666
Communications
Brian Alexander Tel: 01483 900582
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END
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