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UK Oil & Gas PLC - Update - Holmwood Licence (PEDL 143)

Tue, 4th Sep 2018 11:22

RNS Number : 7240Z
UK Oil & Gas PLC
04 September 2018

UK Oil & Gas PLC

("UKOG" or the "Company")


Update on Holmwood Licence (PEDL 143), Weald Basin, UK

UK Oil & Gas PLC (London AIM: UKOG) notes the following announcement made today by Europa Oil and Gas (Holdings) plc on behalf of the operator of the Holmwood Licence PEDL143, of which UKOG holds 40% interest:

"Europa Oil & Gas (Holdings) plc, the UK and Ireland focused oil and gas exploration, development and production company, announces that it has been notified by the Head of Estates at the Forestry Commission that the Minister for the Environment, Food and Rural Affairs, has decided not to renew the lease at Bury Hill Wood, Coldharbour Lane, Surrey.  Bury Hill Wood is the proposed site for a temporary exploration well to test the conventional Holmwood prospect on licence PEDL 143 in the Weald Basin, Surrey. The lease expires on 12th September 2018.

Following the Minister's decision, the Company, on behalf of its partners, will be withdrawing its planning application to drill the Holmwood prospect from the Bury Hill Wood site.

PEDL 143 has recently been extended until 30th September 2020, and in addition to the established Portland sandstone reservoir, contains the Kimmeridge Limestone which, following success at the nearby Horse Hill discovery, is an emerging play in the Weald Basin.  The Company, with its partners, intends to undertake a full evaluation of alternative sites from which to target the Holmwood prospect, and other plays in the licence." 

The full announcement from Europa Oil & Gas (Holdings) plc can be seen at:

Stephen Sanderson, UKOG's Chief Executive, commented:


"The decision by the Minister for the Environment, Food and Rural Affairs, is disappointing, but not altogether surprising. As the Leith Hill Site was less than ideal, we now welcome the opportunity to plot a new way forwards to drill both the Holmwood prospect and other nearby prospective Kimmeridge targets in the near future."


For further information, please contact:


UK Oil & Gas 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



UKOG Licence Interests


The Company has interests in the following UK licences:




UKOG Interest

Licence Holder


Area (km)





UKOG (GB) Limited

IGas Energy Plc


Field currently shut in

Broadford Bridge 



UKOG (234) Ltd 

UKOG (234) Ltd 


BB-1 & 1z oil discovery, planning applications submitted





Europa Oil & Gas (Holdings) plc


Holmwood-1 exploration well planned in 2018




UKOG (GB) Limited

IGas Energy Plc


Field in stable production

Horse Hill 



Horse Hill Developments Ltd 

Horse Hill Developments Ltd 


Production tests ongoing, further appraisal well(s) scheduled for 2018/19

Horse Hill 



Horse Hill Developments Ltd

Horse Hill Developments Ltd 


As above

Isle of Wight 






Preparing planning submission for Arreton-3 oil discovery appraisal well

Markwells Wood 



UKOG (GB) Limited

UKOG (GB) Limited


Revised drilling and testing planning application underway




1.   Oil field currently in production.

2.   Oil discovery pending development and/or appraisal drilling.

3.   Exploration asset with drillable prospects and leads. PEDL234 contains the Broadford Bridge-1 and 1z discovery well, the extension of the Godley Bridge Portland gas discovery plus further exploration prospects.

4.   UKOG has a 100% interest in UKOG (234) Ltd, which has a 100% interest in PEDL234.

5.   Oil discovery with successful flow test in 3 zones, further long-term testing scheduled in 2018.

6.   UKOG has a direct 71.9% interest in HHDL, which has a 65% interest in PEDL137 and PEDL246.

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 or visit

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