REG - UK Oil & Gas PLC - Horse Hill consent upheld by Court of Appeal

UK Oil & GasAnnouncement

18/02/2022 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:20220218:nRSR0607Ca&default-theme=true

RNS Number : 0607C  UK Oil & Gas PLC  18 February 2022

UK Oil & Gas PLC

("UKOG" or the "Company")

 

Horse Hill production consent upheld by Court of Appeal

 

UK Oil & Gas PLC (London AIM: UKOG) is delighted to announce that the
long-running appeal by Finch et al to overturn the December 2020 Judicial
Review judgment upholding the legality of Horse Hill's planning consent, has
been refused by the Court of Appeal.

 

This judgment means that the planning consent for Horse Hill oil production
was granted entirely lawfully and, as such, confirms that Horse Hill can
remain operational until the end of its commercial field life. The Company
holds an 85.635% operated interest in Horse Hill and the surrounding PEDL137
licence.

 

A copy of the judgment will be made available on the Company's website
https://www.ukogplc.com (https://www.ukogplc.com) .

 

Stephen Sanderson, UKOG's Chief Executive commented:

 

"I'm delighted that justice has again prevailed for UKOG in this matter. This
latest judgment in UKOG's favour comes after more than two years in which
Finch et al have sought to stop the Company's oil production at Horse Hill.
Given that during this time five judges have found against their case, one
cannot help but wonder why they have been permitted so many repeated bites at
the same legal cherry. That seems at very least unfair and perhaps is also
somewhat unjust."

 

 

For further information, please contact:

  UK Oil & Gas PLC
  Stephen Sanderson, Matt Gormley                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

 

The information contained within this announcement is deemed by the Company to
constitute inside information under the Market Abuse Regulation (EU) No.
596/2014

 

 

 END

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCUBVBRUUUUAAR