Light Science Technologies achieves positive EBITDA with expanding margins. WATCH the interview here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksUk Oil & Gas Regulatory 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: 0.016
Bid: 0.0155
Ask: 0.0165
Change: 0.00 (0.00%)
Spread: 0.001 (6.452%)
Open: 0.01575
High: 0.016
Low: 0.01575
Prev. Close: 0.016
UKOG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Date for Loxley planning consent redetermination

16 Oct 2020 07:00

RNS Number : 2634C
UK Oil & Gas PLC
16 October 2020
 

UK Oil & Gas PLC

("UKOG" or the "Company")

 

November date for Loxley planning consent redetermination

 

UK Oil & Gas PLC (London AIM: UKOG) announces that following Surrey County Council's ("SCC") 3rd August decision to redetermine the Company's Loxley gas appraisal planning application, SCC have now confirmed to UKOG that the rerun is scheduled for 27th November 2020.

This unprecedented rerun decision was taken by SCC following receipt of external advice regarding the Company's and over 100 other formal complaints questioning the lawfulness of SCC's 29th June planning committee meeting ("PCM"). During this PCM the members voted by 6 to 5 against SCC's planning officer's recommendation to consent to UKOG's development.

 

Loxley: a material UK gas resource

 

As per the Company's 21st October announcement, an Xodus report estimates that the Company's 100% held PEDL234 licence contains significant calculated mean and high case recoverable gas volumes of 34 billion cubic feet ("bcf") and 54 bcf respectively, placing Loxley as the second largest gas accumulation ever discovered and flow tested in the UK onshore. Xodus calculate that approximately 78% of the overall Loxley gas accumulation lies within PEDL234.

 

Stephen Sanderson UKOG's Chief Executive commented:

 

"Despite the further delay to the PCM rerun, UKOG welcomes the opportunity to restate why its low footprint Loxley gas project is of material local and national economic importance, representing an opportunity to power around 200,000 Surrey homes from Net Zero compliant UK gas. The submitted development presents minimal visual, local business and highway impacts and already has a full environmental permit from the Environment Agency."

 

PEDL143 Update (UKOG 67.5%)

 

A detailed study examining the viability of drilling the A24 (formerly Holmwood) Portland prospect's centre from selected sites outside the Surrey Hills Area of Outstanding Natural Beauty, each over 3 km from the target, concludes that the required long-reach/shallow target-depth wells are neither technically viable or economically feasible. Consequently, UKOG and its partners have now relinquished their interests in the licence. It remains a great disappointment to the Company that the licence's former operator, Europa Oil and Gas, whilst in possession of planning consent, failed to drill the prospect from the Holmwood site, around 1 km from the target.

 

Qualified Person's Statement

 

Matt Cartwright, UKOG's Commercial Director, who has 37 years of relevant experience in the global oil industry, has approved the information contained in this announcement. Mr Cartwright is a Chartered Engineer and member of the Society of Petroleum Engineers.

 

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

 

 

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCFLFSRIELELII
Date   Source Headline
10th Jul 20247:00 amRNSPlacing and termination of convertible loan
28th Jun 202412:27 pmRNSUnaudited results for six-month ended 31 Mar 2024
28th Jun 20247:00 amRNSD&M Horndean Field Resource Report
27th Jun 20247:00 amRNSDorset Hydrogen Storage: SGN LOS
21st Jun 20241:15 pmRNSLoan Reduction Update
20th Jun 202410:20 amRNSHorse Hill Update
12th Jun 202412:49 pmRNSLoan Reduction Update
4th Jun 20247:00 amRNSLoan Reduction Update
29th May 202412:10 pmRNSResult of AGM
29th May 20247:00 amRNSHydrogen Storage Project update: Sumitomo LOS
17th May 20247:00 amRNSLoan Reduction Update
3rd May 20244:28 pmRNSNotice of Annual General Meeting
3rd May 20247:00 amRNSEmployee Benefit Trust Share Subscription
2nd May 20247:00 amRNSLoan Reduction Update
1st May 20247:00 amRNSLoxley Gas Project Update
19th Apr 202411:59 amRNSLoan Reduction via Equity Share Subscription
2nd Apr 20247:00 amRNSAnnual Report for the year ended 30 September 2023
27th Mar 20247:00 amRNSLoxley Gas Project Update
19th Mar 20245:00 pmRNSBroadford Bridge Planning Update
13th Mar 20249:29 amRNSLoan Reduction via Equity Share Subscription
5th Mar 20243:28 pmRNSResult of Reconvened General Meeting
1st Mar 20247:00 amRNSRevised Timetable for Capital Restructuring
23rd Feb 20241:01 pmRNSNotice of General Meeting Resumption
22nd Feb 20244:37 pmRNSEmployee Benefit Trust Share Subscription
16th Feb 20241:54 pmRNSGeneral Meeting Adjournment
2nd Feb 20242:08 pmRNSPinarova-1 Testing Operations Update
1st Feb 20241:53 pmRNSProposed Capital Reorganisation
23rd Jan 20243:48 pmRNSLoan Balance Reduction via Equity Share Issue
23rd Jan 20247:00 amRNSPinarova-1 Testing Operations Commence
12th Jan 20247:00 amRNSSuccessful Placing
11th Jan 20247:00 amRNSTurkey: Pinarova-1 Testing
10th Jan 202411:39 amRNSEquity Share Issue and Reduction in Loan Balance
9th Jan 20242:00 pmRNSCourt of Appeal Upholds Loxley Planning Consent
3rd Jan 20241:04 pmRNSTurkey: Pinarova-1 Operations Re-Commence
15th Dec 20237:00 amRNSTurkey: Pinarova-1 Testing Update
12th Dec 20237:00 amRNSHorse Hill Work Programme Extended by NSTA
11th Dec 20237:00 amRNSHorse Hill Farmin Update
8th Dec 20237:00 amRNSHorse Hill Developments Update
21st Nov 20237:00 amRNSTurkey: Pinarova-1 Testing Latest
3rd Nov 202312:13 pmRNSEquity Share Issue
13th Oct 20237:00 amRNSTurkey: Pinarova-1 Testing Update
22nd Sep 20237:00 amRNSTurkey: Pinarova-1 Testing Update
3rd Aug 20238:01 amRNSLoxley High Court Update
20th Jul 202310:44 amRNSHigh Court upholds Loxley Planning Consent
13th Jul 20237:00 amRNSAvington Oil Production to Restart
28th Jun 20237:00 amRNS£3 million funding facility
26th Jun 20232:13 pmRNSUnaudited results six-month ended 31 March 2023
21st Jun 20237:00 amRNSHorse Hill Update
8th Jun 20237:00 amRNSLoxley High Court hearing
23rd May 20239:06 amRNSTurkey: Pinarova-1 Testing Update

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

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.