27 Apr 2021 15:53
UK Oil & Gas PLC
("UKOG" or the "Company")
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Founder membership of Geothermal Energy Advancement Association
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UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that the Company has become one of the six founder members of the newly-formed Geothermal Energy Advancement Association ("GEAA").
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GEAA's mission is to advocate increased awareness of and investment in geothermal energy as a key sustainable source for zero-carbon electricity, heat, hot water. As reported in UKOG's latest Annual Report, the Company plans to be increasingly active in this newly-emerging sector, where we possess the key subsurface, engineering and commercial skills necessary to make such projects work.
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UKOG is actively scoping two new standalone geothermal projects in the UK, together with a hybrid geothermal, solar and battery storage project at our Horse Hill site. We also plan to review geothermal opportunities onshore Turkey once our forthcoming Basur-3 appraisal well has been completed.
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A copy of GEAA's press release of 26th April 2021 can be found on the Company's website www.ukogplc.com.
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Stephen Sanderson UKOG's Chief Executive commented:
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"With increased investment and a wider understanding of how geothermal energy can be used, geothermal can become a key part of the UK's low-carbon future."
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Qualified Person's Statement
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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.
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For further information, please contact:
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UK Oil & Gas PLC | Â |
Stephen Sanderson / Kiran Morzaria  | Tel: 01483 941493 |
WH Ireland Ltd (Nominated Adviser and Broker) |  |
James Joyce / James Sinclair-Ford  | Tel: 020 7220 1666 |
Communications | Â |
Brian Alexander | Tel: 01483 941493 |
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