Less Ads, More Data, More Tools Register for FREE

Pin to quick picksUk Oil & Gas Share News (UKOG)

Share Price Information for Uk Oil & Gas (UKOG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.0245
Bid: 0.022
Ask: 0.027
Change: 0.0035 (16.67%)
Spread: 0.005 (22.727%)
Open: 0.021
High: 0.0245
Low: 0.021
Prev. Close: 0.021
UKOG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE: UK Oil & Gas backs Loxley decision amid legal challenge

Thu, 08th Jun 2023 21:13

(Alliance News) - UK Oil & Gas PLC on Thursday backed an earlier decision for planning consent at the Loxley gas discovery, in the face of opposition to the Surrey development.

UK Oil & Gas said it is still "firmly of the opinion" that decision to grant planning consent for Loxley gas discovery was lawful.

Surrey County Council previously refused permission for the proposal in December 2019, but following a public inquiry in 2021, planning inspectors recommended that an appeal against this decision should be allowed.

Housing minister Stuart Andrew later approved the plans for UK Oil & Gas to explore a site in Dunsfold in June 2022.

"The company and its counsel remain firmly of the opinion that the secretary of state's decision to grant planning consent for the Loxley project was entirely lawful. A judgement is expected to be handed down later in the summer. Full planning and environmental consents remain in force," UK Oil & Gas said.

Campaigners from the group Protect Dunsfold and Waverley Borough Council brought legal action over a government decision to allow an exploratory oil and gas well to be dug near the village of Dunsfold in Surrey.

The proposed site is located in the Surrey Hills, in an area of great landscape value, and sits on the border of an area of outstanding natural beauty. AONBs are places that have been designated for conservation.

After the government's decision to allow the exploratory drilling, the area's MP and Chancellor Jeremy Hunt called the move "bitterly disappointing and wrong both economically and environmentally".

However, on Thursday, the group and council were given the go-ahead to bring a legal challenge.

Shares in UK Oil & Gas fell 4.8% to 0.060 pence each in London on Thursday.

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
15 Jan 2021 11:33

IN BRIEF: UK Oil & Gas Receives Consent For Turkish Acquisition

IN BRIEF: UK Oil & Gas Receives Consent For Turkish Acquisition

Read more
22 Dec 2020 10:32

UK Oil & Gas Notes Judge Dismissing Challenge To Horse Hill Approval

UK Oil & Gas Notes Judge Dismissing Challenge To Horse Hill Approval

Read more
17 Dec 2020 19:37

UK TRADING UPDATE SUMMARY: Polar Capital Adds GBP1.2 Billion To Assets

UK TRADING UPDATE SUMMARY: Polar Capital Adds GBP1.2 Billion To Assets

Read more
17 Dec 2020 16:48

UK Oil & Gas to launch appeal against Surrey County Council

(Sharecast News) - UK Oil & Gas announced on Thursday that, following detailed consultations with its legal counsel and planning advisers, it would now launch an appeal against Surrey County Council's 15 December decision to refuse planning consent for its wholly-owned Loxley gas appraisal project.

Read more
10 Dec 2020 17:43

IN BRIEF: UK Oil & Gas Applies For Three Further Licences In Turkey

IN BRIEF: UK Oil & Gas Applies For Three Further Licences In Turkey

Read more
10 Dec 2020 11:20

UK Oil & Gas applies for three more licences in Turkey

(Sharecast News) - UK Oil & Gas announced on Thursday that, together with its 50-50 joint venture partner in Turkey, Aladdin Middle East (AME), it has applied to the Turkish authorities for three further exploration licences in the south east of the country.

Read more
27 Nov 2020 19:28

UK TRADING UPDATE SUMMARY: UK Oil & Gas Planning Consent Refused

UK TRADING UPDATE SUMMARY: UK Oil & Gas Planning Consent Refused

Read more
20 Nov 2020 21:17

IN BRIEF: UK Oil & Gas Awaits Results Of Horse Hill Judicial Review

IN BRIEF: UK Oil & Gas Awaits Results Of Horse Hill Judicial Review

Read more
13 Nov 2020 19:08

IN BRIEF: UK Oil & Gas, Alba Set For Horse Hill Hearing Next Week

IN BRIEF: UK Oil & Gas, Alba Set For Horse Hill Hearing Next Week

Read more
5 Nov 2020 18:07

UK TRADING UPDATE SUMMARY: Zotefoams Hails Record Third Quarter Sales

UK TRADING UPDATE SUMMARY: Zotefoams Hails Record Third Quarter Sales

Read more
16 Oct 2020 14:54

IN BRIEF: Angus Energy Supports PEDL 143 Licence Withdrawal

IN BRIEF: Angus Energy Supports PEDL 143 Licence Withdrawal

Read more
16 Oct 2020 10:46

UK Oil & Gas And Egdon Give Up On PEDL143 As Drilling Not Viable

UK Oil & Gas And Egdon Give Up On PEDL143 As Drilling Not Viable

Read more
16 Oct 2020 10:06

UK Oil & Gas gearing up for Loxley planning committee meeting re-run

(Sharecast News) - UK Oil & Gas announced on Friday that, following Surrey County Council's August decision to redetermine its Loxley gas appraisal planning application, the council had now confirmed that the rerun was scheduled for 27 November.

Read more
14 Oct 2020 21:33

IN BRIEF: UK Oil & Gas Executes Agreement For 50% Resan Interest

IN BRIEF: UK Oil & Gas Executes Agreement For 50% Resan Interest

Read more
14 Oct 2020 12:48

UK Oil & Gas executes deal for Resan Licence in Turkey

(Sharecast News) - UK Oil & Gas announced on Wednesday that it has executed the participation and joint operating agreements with Aladdin Middle East (AME) for its 50% interest in the 305 square kilometre Turkish Resan Licence, and the respective oil appraisal and exploration programme.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.