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UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Says UK High Court judge Karen Steyn refuses Protect Dunsfold permission to appeal the ruling from July that UKOG's planning consent for its conventional gas and hydrogen feedstock project in Surrey was entirely lawful.
Steyn says: "The proposed appeal has no real prospect of success, and I am not persuaded there is any other compelling reason to grant permission." Steyn also orders Waverley Borough Council, a claimant under the prior action, to pay costs of GBP3,000 to UKOG. UKOG says Loxley planning consent continues to remain in full force and the company's plans to implement the project remain unchanged.
Says it has "consistently" said that Loxley can "play its part in the [UK] government's 'hydrogen and British energy security strategies' via the supply of its gas as feedstock for reformation into clean burning hydrogen". Adds that Loxley's hydrogen potential forms part of UKOG's move into the hydrogen space. This is alongside its Dorset hydrogen storage and hydrogen battery project.
Current stock price: 0.053 pence, up 0.8%
12-month change: down 41%
By Greg Rosenvinge, Alliance News reporter
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