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Share Price: 0.0275

Bid: 0.026

Ask: 0.029

Change: -0.0045 (-14.29%)

Spread: 0.003 (11.538%)

Open: 0.0315

High: 0.0275

Low: 0.027

Prev. Close: 0.0315

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IN BRIEF: UK Oil & Gas "convinced" Horse Hill legal backing was lawful

Wed, 21st Jun 2023 13:57

UK Oil & Gas PLC - UK-focussed oil and gas exploration company - Alongside UK government and Surrey County council, will defend a Supreme Court hearing to draw line under long-standing legal action against Horse Hill planning consent. Local resident tried to reverse planning permission that had been granted. UK Oil & Gas says final verdict is likely to be heard in late summer or early autumn. The company says that planning consent remains in force and lawful production continues at the Horse Hill site, in which the company holds an 86% interest.

"As five judges and the Court of Appeal have previously dismissed Finch et al's case, the Company and its legal counsel remain convinced that planning consent was granted entirely lawfully, and will, therefore, strongly contest this final action against its interests," UK Oil & Gas PLC said.

Current trading share: down 0.9% at 0.058 pence in London on Wednesday

12-month change: down 52%

By Will Neill, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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3 Mar 2023 16:27

UK Oil & Gas to proceed with Loxley project after court ruling

(Alliance News) - UK Oil & Gas PLC on Friday said it will proceed with its Loxley gas discovery, after a court judge dismissed attempts to reverse the Secretary of State's grant of planning consent as being unarguable.

1 Mar 2023 14:20

UK Oil & Gas joint venture secures rig for Pinarova

(Sharecast News) - UK Oil & Gas announced on Wednesday that the Resan joint venture, in which it has a 50% non-operated interest, had secured a suitable small rig to drill the Pinarova-1 shallow oil exploration well, with site construction expected to start within the next seven-to-10 days.

1 Mar 2023 14:14

IN BRIEF: UK Oil & Gas secures drilling rig for oil well in Turkey

UK Oil & Gas PLC - oil and gas exploration and production firm with assets focused on the south of England - Secures drilling rig for Pinarova-1 well in Turkey. Will test Eocene Hoya light oil prospect. Expects site construction in seven to 10 days. Says it is fully funded to cover its share of an expected USD400,000 gross dry hole and USD630,000 gross success case costs. Chief Executive Stephen Sanderson says: "Pinarova's prospectivity, potential success case oil volumes and modest drilling costs make it an attractive stand-alone project that could, in the success case, deliver oil production in H1 2023. Given the positive shallow oil seep evidence plus the good light oil shows encountered within Pinarova by the Kezer-1 geothermal well, the new well will seek to establish if that oil is present in commercially viable saturations and volumes that can be pumped to surface. We look forward to the impending start of site construction and subsequent drilling directly upon its completion."

27 Feb 2023 15:34

TRADING UPDATES: Ince results see further delay; Guild division launch

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

27 Feb 2023 14:23

UK Oil & Gas drills holes for Horse Hill reinjection

(Sharecast News) - UK Oil & Gas announced on Monday that, as a "necessary precursor" to its planned Horse Hill-2z Portland formation water reinjection project, it had installed three shallow groundwater monitoring boreholes at its 85.635%-owned producing oil field.

21 Feb 2023 14:29

UK Oil & Gas shares jump on Loxley gas discovery report

(Alliance News) - UK Oil & Gas PLC on Tuesday reported that RPS Energy Consultants completed its competent person's report on the company's potential economic value of the Loxley gas discovery.

21 Feb 2023 10:58

AIM WINNERS & LOSERS: Versarien will need more funds as loss widens

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

21 Feb 2023 09:08

LONDON MARKET OPEN: Stocks lower; UK government surplus beats view

(Alliance News) - Stock prices in London opened lower on Tuesday, as investors chewed on a full plate of blue-chip earnings, and looked ahead to PMI readings for the UK, Europe and US.

10 Feb 2023 10:52

IN BRIEF: UK Oil & Gas Resan license area unaffected by earthquake

UK Oil & Gas PLC - oil and gas exploration and production firm with assets focused in the south of England - Says its partner and licence operator Aladdin Middle East Resan has advised that its Resan licence area is unaffected by the earthquake in Turkey. Notes that is located "some distrance away" from the East Anatolian fault zone and the earthquake epicentre. "Nonetheless, we continue to monitor the situation and will be looking at ways of how we can offer our support," it adds.

6 Feb 2023 16:00

IN BRIEF: UK Oil & Gas sees "clear route" to monetisation for Loxley

UK Oil & Gas PLC - oil and gas exploration and production firm with assets focused in the south of England - Says the southern England's gas distribution pipeline network operator SGN has confirmed that its local transmission system can accept all the potential future gas production from its wholly-owned Loxley gas discovery in Surrey, England. The firm says a pipeline routeing study to the identified grid entry point can now begin.

1 Feb 2023 16:49

TRADING UPDATES: Atlantic ups estimate; Kefi to list in Saudi Arabia

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

1 Feb 2023 16:48

TRADING UPDATES: Atlantic ups estimate; Kefi to list in Saudi Arabia

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

26 Jan 2023 21:52

TRADING UPDATES: Proton wins order; Caerus Mineral sells assets

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

11 Jan 2023 21:08

TRADING UPDATES: Blencowe gets ok for samples; Cornish hails results

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

14 Oct 2022 13:11

High Court upholds UK Oil & Gas planning consent for Loxley

(Sharecast News) - UK Oil & Gas announced on Friday that the High Court had rejected legal challenges by Protect Dunsfold and Waverley Borough Council against the decision to grant planning permission for Loxley - a conventional gas and hydrogen feedstock project in Surrey.

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IN BRIEF: UK Oil & Gas "convinced" Horse Hill legal backing was lawful

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