UK Oil & Gas PLC Loxley Planning Consent Meeting to be Rerun (9863U)
03 Agosto 2020 - 5:16PM
UK Regulatory
TIDMUKOG
RNS Number : 9863U
UK Oil & Gas PLC
03 August 2020
UK Oil & Gas PLC
("UKOG" or the "Company")
Loxley Planning Consent Meeting to be Rerun
UK Oil & Gas PLC (London AIM: UKOG) is pleased to note that
following questions raised as to the lawfulness of the planning
committee meeting ("PCM") held on 29(th) June, during which the
Company's Loxley gas appraisal project was presented for
determination, Surrey County Council (SCC) have decided that the
Loxley Gas project should be redetermined at a future PCM. The
Company now expects the Loxley project to be redetermined by SCC in
the PCM scheduled on 17 September.
Following the 29 June meeting, in which the members voted by 6
to 5 against SCC's planning officer's recommendation to consent to
UKOG's Loxley application, the Company sent SCC a formal legal
letter of complaint outlining a series of procedural and other
legal issues that potentially affected the lawfulness of decisions
made during the meeting.
SCC also acknowledge that their Monitoring Officer received in
excess of 100 similar complaints alleging that there were
procedural irregularities that invalidated the result. Following
the PCM no formal determination notice was issued to the Company by
SCC, meaning the project remains officially undetermined.
The Company welcomes the chance to restate why the low-impact
Loxley project is of material local and national economic
importance, is fully compliant with Net Zero, and presents minimal
local business, local highway and environmental impacts. The
Environment Agency has already issued a permit covering all aspects
of the development.
We trust that the 17 September re-run will result in a decision
fully commensurate with the facts presented, natural law and fair
democratic process.
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
Cenkos Securities PLC (Joint Broker)
Joe Nally / Neil McDonald Tel: 020 7397 8919
Novum Securities (Joint Broker)
John Belliss Tel: 020 7399 9400
Communications
Brian Alexander Tel: 01483 941493
UKOG Licence Interests
The Company has interests in the following UK licences:
Asset Licence UKOG Licence Operator Area Status
Interest Holder (km
(2)
)
Field currently
UKOG (GB) IGas Energy temporarily
Avington (1) PEDL070 5% Limited Plc 18.3 shut in
------------------------------- ---------- -------------- -------------- ------ -------------------
BB-1/1z oil
discovery,
Broadford Bridge/Loxley/Godley Loxley/Godley
Bridge (2, UKOG (234) UKOG (234) Bridge gas
3, 8) PEDL234 100% Ltd (4) Ltd (4) 300.0 discovery
------------------------------- ---------- -------------- -------------- ------ -------------------
Finalising
new site
selection
to drill
Portland
and Kimmeridge
A24 (3) PEDL143 67.5% UKOG UKOG (7) 91.8 prospects
------------------------------- ---------- -------------- -------------- ------ -------------------
UKOG (GB) IGas Energy Field in
Horndean (1) PL211 10% Limited Plc 27.3 stable production
------------------------------- ---------- -------------- -------------- ------ -------------------
Horse Hill Horse Hill
Horse Hill Developments Developments Field in
(1) PEDL137 85.635% Ltd Ltd 99.3 stable production
------------------------------- ---------- -------------- -------------- ------ -------------------
Horse Hill Horse Hill
Horse Hill Developments Developments Field in
(1) PEDL246 85.635% Ltd Ltd 43.6 stable production
------------------------------- ---------- -------------- -------------- ------ -------------------
Planning
application
submitted
Isle of Wight for Arreton
(Onshore) (2, oil appraisal
3) PEDL331 95% UKOG UKOG 200.0 well
------------------------------- ---------- -------------- -------------- ------ -------------------
Notes:
1. Oil field currently in stable production.
2. Oil discovery pending development and/or appraisal
drilling.
3. Exploration asset with drillable prospects and leads.
4. Contains the Loxley Portland gas accumulation, the Broadford
Bridge-1/1z Kimmeridge oil discovery, plus further undrilled
Kimmeridge exploration prospects.
5. Portland and Kimmeridge oil field with productive and
commercially viable zones, HH-1 in stable oil production, HH-2z EWT
ongoing, production planning consent granted in September 2019,
long term Production consent granted March 2020.
6. UKOG has a direct 77.9% interest in HHDL, which has a 65% interest in PEDL137 and PEDL246.
7. OGA consent received for the transfer of operatorship from Europa to UKOG
8. Gas discovery pending appraisal drilling and development with underlying Kimmeridge potential
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 596/2014
This information is provided by RNS, the news service of the
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contact rns@lseg.com or visit www.rns.com.
END
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