REG - UK Oil & Gas PLC - Horse Hill Update

UK Oil & GasAnnouncement

15/08/2022 12:00

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RNS Number : 0477W  UK Oil & Gas PLC  15 August 2022

UK Oil & Gas PLC

("UKOG" or the "Company")

 

Horse Hill Update

 

UK Oil & Gas PLC (London AIM: UKOG) announces that further to the Court of
Appeal's February 2022 dismissal of the challenge by Finch on behalf of the
Weald Action Group (Finch et al) to Surrey County Council's grant of Horse
Hill production consent (UKOG 85.635%), the Company now understands that,
disappointingly, but perhaps not unsurprisingly, the claimant has been given a
final legal avenue to appeal to the Supreme Court. Should the claimant adopt
this final permitted course of action, it is expected to be heard some time
from Q2 2023 onwards. No further action by the claimant will be permissible
after any such hearing. Planning consent currently remains in full force and
lawful oil production at Horse Hill will continue until further notice.

 

At the last count, five judges and the Court of Appeal have dismissed this
case. Consequently, the Company and its legal counsel remain convinced that
planning consent was granted entirely lawfully, and will, therefore, strongly
contest any further action against its interests.

 

Following the Environment Agency's full Horse Hill production consent in May
this year, a new Unico pump has recently been installed in the HH-1 oil
producer. The prior pump is being refurbished as an additional spare.
Preparatory work towards converting HH-2z into a produced saline water
reinjector continues.

 

For further information, please contact:

 UK Oil & Gas PLC
 Stephen Sanderson / Matt Gormley / 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

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the “UK MAR”) which is part of
UK law by virtue of the European Union (Withdrawal) Act 2018. The information
is disclosed in accordance with the Company’s obligations under Article 17
of the UK MAR. Upon the publication of this announcement, this inside
information is now considered to be in the public domain.

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