RE: This will be a rebuild year for UKOG ...22 Feb 2023 08:08
Yesterdays RNS
The CPR demonstrates that the NPV10 of Loxley's 2C recoverable gas ranges from £123.7 million net to UKOG, assuming a gas price of £1.86/therm, the UK gas price on 31st December 2022, the effective date of the CPR, and £86.5 million net to UKOG utilising RPS' proprietary gas price forecast (see tables 1 and 2 above).
Delivery of a successful Loxley-1 appraisal programme, currently planned for 2024 and which has full planning and environmental consents, could further help cement this value in the foreseeable future.