Last checked at 15 Jun 2018 07:01
UK Oil & Gas Investments PLC
("UKOG" or the "Company")
Broadford Bridge-1/1z Oil Discovery, Weald Basin, UK
Application for Planning Consent Extension
UK Oil & Gas Investments PLC (LSE AIM/ISDX: UKOG) announces that its wholly owned subsidiary, Kimmeridge Oil & Gas Limited ("KOGL"), has today applied to West Sussex County Council ("WSCC") to extend the Broadford Bridge-1/1z ("BB-1/1z") planning permission for a further 18 months to 31 March 2020. BB-1/1z is located in the 300 km² PEDL234 licence ("Licence"), in which the Company has a 100% interest via its ownership of KOGL.
Stephen Sanderson, UKOG's Executive Chairman, Commented:
"The extension, if granted, will provide time to incorporate the learnings from future planned Kimmeridge operations at Horse Hill and PEDL234 into the design and objectives of a possible new BB-1y sidetrack and test programme."
For further information, please contact:
UK Oil & Gas Investments PLC
Stephen Sanderson / Kiran Morzaria Tel: 01483 243450
WH Ireland (Nominated Adviser and Broker)
James Joyce / James Sinclair-Ford Tel: 020 7220 1666
Cenkos Securities PLC (Joint Broker)
Joe Nally / Neil McDonald Tel: 0207 397 8919
Public Relations
Brian Alexander / David Bick Tel: 01483 243450
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.