REG - UK Oil & Gas Inv PLC - Regulatory Consent Update - Broadford Bridge-1/1z

UK Oil & GasAnnouncement

06/03/2018 08:00

RNS Number : 8022G
UK Oil & Gas Investments PLC
06 March 2018
UK Oil & Gas Investments PLC
("UKOG" or the "Company")
Regulatory Consent Update, Broadford Bridge-1/1z Oil Discovery, PEDL234 Weald Basin, UK
UK Oil & Gas Investments PLC (London AIM:UKOG) has been informed by its 100%-owned subsidiary Kimmeridge Oil & Gas Limited ("KOGL") that Oil and Gas Authority consent for flow testing its Broadford Bridge-1/1z ("BB-1/1z") oil discovery has been extended to the end of March 2018.BB-1/1z lies at the south eastern corner of KOGL's 100% owned and operated 300 km PEDL234 licence.
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 Sinclair-Ford Tel: 020 7220 1666
Cenkos Securities PLC (Joint Broker)
Joe Nally / Leif Powis  Tel: 0207 397 8919
Public Relations
Brian Alexander / David Bick Tel: 01483 900583/ 01483 243450
UKOG Licence Interests
The Company has interests in the following UK licences:
Asset
Licence
UKOG's Interest
Licence Holder
Operator
Area (km2)
Status
Avington1
PEDL070
5%
UKOG (GB) Limited
IGas Energy Plc
18.3
Fieldin stable production
Baxters Copse2
PEDL233
50%
UKOG Weald Limited
IGas Energy Plc
89.6
Appraisal/development well planned; licence extended to 2018
Broadford Bridge3
PEDL234
100%
Kimmeridge Oil & Gas Limited4
Kimmeridge Oil & Gas Limited4
300.0
BB-1 & 1z drilling completed, testing of multiple zones underway
Holmwood3
PEDL143
40%
UKOG
Europa Oil & Gas (Holdings) plc
91.8
Holmwood-1 exploration well planned in 2018
Horndean1
PL211
10%
UKOG (GB) Limited
IGas Energy Plc
27.3
Fieldin stable production
Horse Hill5
PEDL137
32.435%
Horse Hill Developments Ltd
Horse Hill Developments Ltd
99.3
Production tests and further appraisal well(s) scheduled for 2018
Horse Hill5
PEDL246
32.435%
Horse Hill Developments Ltd
Horse Hill Developments Ltd
43.6
As above
Isle of Wight (Onshore)2, 3
PEDL331
65%
UKOG
UKOG
200.0
Preparing Arreton-3 oil discovery appraisal well planning submission
Markwells Wood2
PEDL126
100%
UKOG (GB) Limited
UKOG (GB) Limited
11.2
Revised drilling and testing planning application underway
Notes:
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&1z discovery well, the extension of the Godley Bridge Portland gas discovery plus further exploration prospects.
4. UKOG has a 100% interest in Kimmeridge Oil & Gas Limited
5. Oil discovery with successful flow test in 3 zones, further long-term testing scheduled in 2018
6. UKOG has a direct 49.9% interest in HHDL, which has a 65% interest in PEDL137 and PEDL246
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 company news service from the London Stock Exchange
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