Last checked at 7 Jul 2017 07:00
UK Oil & Gas Investments PLC
("UKOG" or the "Company")
Broadford Bridge-1 Exploration Well, Weald Basin, UK
Flow Test Consent from the Environment Agency
UK Oil & Gas Investments PLC (London AIM and ISDX: UKOG) announces that the Environment Agency ("EA") has formally granted the necessary permit to flow test the Broadford Bridge-1 ("BB-1") oil exploration well.
The BB-1 well is located in the 300 km² PEDL234 licence, in which the Company has a 100% interest via its ownership of the licence's operator, Kimmeridge Oil & Gas Limited.
Stephen Sanderson, UKOG's Executive Chairman, Commented:
"This enables us to move onto the next phase of operation at Broadford Bridge. Our drilling and comprehensive coring programme has been very successful and we look forward to equally positive results from our flow testing operation."
Qualified Person's Statement
Stephen Sanderson, UKOG's Executive Chairman, who has over 35 years of relevant experience in the oil industry, has approved the information contained in this announcement. Mr Sanderson is a Fellow of the Geological Society of London and is an active member of the American Association of Petroleum Geologists.
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 Bavister Tel: 020 7220 1666
Cenkos Securities PLC (Joint Broker)
Nick Tulloch / Neil McDonald Tel: 0131 220 6939
Square 1 Consulting (Public Relations)
Brian Alexander / David Bick Tel: 01483 243450 / 020 7929 5599
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.