RE: Loxley tweet at 4.04 pm1 Feb 2024 06:41
Highlights:
· RPS Energy Consultants ("RPS") completes Competent Person's Report ("CPR") illustrating the potential economic value of UKOG's Loxley Gas discovery, located 9 miles south of Guildford in Surrey.
· Up to £124 million net UKOG mid-case 2C post-tax net present value (at 10% discount rate).
· 31.0 billion cubic feet 2C Contingent Resources within UKOG's 100% owned PEDL234 licence
· Planning and environmental consents in place for Loxley-1 appraisal campaign.
· The CPR's estimates of recoverable gas, pre-tax revenues and associated post-tax present values discounted at 10% per annum ("NPV10") are summarised in Tables 1 and 2 below, and the associated potential pre-tax revenues are given in CPR Appendix C: