REG - UK Oil & Gas PLC - Horse Hill Work Programme Extended by NSTA

UK Oil & GasAnnouncement

12/12/2023 07:00

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RNS Number : 3978W  UK Oil & Gas PLC  12 December 2023

UK Oil & Gas PLC

("UKOG" or the "Company")

 

Horse Hill Work Programme Extended by NSTA

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that the North
Sea Transition Authority has granted a one-year extension to the PEDL137
Retention Area Work Programme ("RAWP") containing the Company's Horse Hill
producing oil field (UKOG 85.635% effective interest).

The RAWP now extends to 30th September 2025 and fully corresponds to the
farmin programme agreed with Pennpetro Energy Plc, comprising one new
production well, HH-3, plus a 12 km² 3D seismic survey (see RNS of 28 March
and 11 December 2023). Seismic acquisition is currently targeted to commence
in H1 2024.

 

 

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 / James
Bavister
     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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