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

Share Price Information for Uk Oil & Gas (UKOG)

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2-year extension to PEDL137/PEDL246 OGA programmes

Mon, 2nd Aug 2021 07:00

RNS Number : 1464H
UK Oil & Gas PLC
02 August 2021
 

 UK Oil & Gas PLC

("UKOG" or the "Company")

 

2-year extensions to PEDL137 & PEDL246 OGA work programmes

 

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that the Oil and Gas Authority has granted two-year extensions to the remaining drilling deadlines necessary to satisfy in full the agreed Retention Area ("RA") work programmes of the Company's operated 85.635% interest Horse Hill PEDL137 and PEDL246 licences.

 

Both extensions are retroactive and take effect from the RA anniversary date of 30th September 2020 for PEDL137 and 30th June 2020 for PEDL246. Fulfilment of the RA programme enables the Company to retain all the licenced area vs. a relinquishment of part of the licence.

 

The respective RA programme deadlines are now as follows:

· PEDL137: commence drilling a Kimmeridge appraisal well by 30 September 2022.

· PEDL246: commence drilling a Kimmeridge exploration well by 30 June 2025.

 

The extensions are in response to the coronavirus pandemic.

 

For further information, please contact:

 

UK Oil & Gas PLC

 

 

Stephen Sanderson / Kiran Morzaria

 

Tel: 01483 941493

 

WH Ireland Ltd (Nominated Adviser and Broker)

 

 

James Joyce / James Sinclair-Ford

 

Tel: 020 7220 1666

 

Communications

 

 

Brian Alexander

Tel: 01483 941493

 

 

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