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

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Loxley Gas Project Planning Consent Refused

Fri, 27th Nov 2020 15:42

RNS Number : 8121G
UK Oil & Gas PLC
27 November 2020
 

UK Oil & Gas PLC

("UKOG" or the "Company")

 

Loxley Gas Appraisal Project Planning Consent Refused

 

UK Oil & Gas PLC (London AIM: UKOG) notes that Surrey County Council ("SCC") has today refused planning consent for the Company's 100% owned Loxley-1/1z Portland gas appraisal project. This decision is contrary to the recommendation of the Council officers' report which recommended approval, all issues concerning planning, environmental and highways having been resolved to their professional satisfaction.

 

Crucially, the decision also ignores the key role domestic natural gas plays in the government's stated low-carbon hydrogen policy in which natural gas is reformed into clean burning hydrogen. Low carbon hydrogen is a key element of government infrastructure strategy and is vital to help achieve net zero and underpin the UK's recovery from record Covid-19 induced debt levels.

 

The Company is carefully considering its position but is likely to lodge an appeal on the grounds that the decision is unreasonable given the evidence presented and the Council officers' positive recommendation. Further developments will be advised in due course.

 

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.
 
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Date   Source Headline
8th Jun 20222:05 pmRNSSecond Price Monitoring Extn
8th Jun 20222:00 pmRNSPrice Monitoring Extension
7th Jun 20224:41 pmRNSSecond Price Monitoring Extn
7th Jun 20224:35 pmRNSPrice Monitoring Extension
7th Jun 20224:21 pmRNSSuccessful Loxley Planning Appeal Outcome

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