RCS - UK Oil & Gas PLC - Meeting with Energy Minister Rt Hon Graham Stuart

UK Oil & GasAnnouncement

26/01/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230126:nRSZ8969Na&default-theme=true

RNS Number : 8969N  UK Oil & Gas PLC  26 January 2023

Reach

UK Oil & Gas PLC

("UKOG" or the "Company")

 

Meeting with Energy Minister Rt Hon Graham Stuart

Stephen Sanderson, chief executive of UK Oil & Gas PLC and its wholly
owned subsidiary UK Energy Storage ("UKEn"), enjoyed an encouraging meeting
yesterday in Parliament with the Minister of State for Energy and Climate, the
Rt. Hon. Graham Stuart MP and the MP for South Dorset, Mr Richard Drax, who
facilitated the event. The meeting covered all areas of UKEn's energy storage
hub project at Portland Port in Dorset.

Discussions included the need for more strategic level energy storage, both
natural gas and hydrogen, as a fundamental part of the solution to the
post-Ukraine energy crisis, the energy transition and future UK green energy
independence.

Delivery of Portland's strategic level underground salt cavern storage, the
largest planned in the UK onshore, would, if delivered, double the UK's
onshore storage capacity and would be built to handle both hydrogen and
natural gas from inception.

Mr Sanderson said: "It was important to gain the support of the Minister for
our project and to learn more about the Government's plans to provide a
workable business model to attract investment into vital energy storage
infrastructure."

"I look forward to taking these discussions further with the Minister, Mr Drax
and their teams. I am most grateful to both for their time and enthusiasm for
our project."

 

For further information, please contact:

        UK Oil & Gas PLC
        Stephen Sanderson / Allen D Howard                         Tel: 01483 941493

        WH Ireland Ltd (Nominated Adviser and Broker)
        James Joyce / Andrew de Andrade                            Tel: 020 7220 1666

        Communications
        Brian Alexander                                            Tel: 01483 941493

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAFELLLXFLXBBB