REG - UK Oil & Gas PLC - NSTA HH-2z recompletion consent

UK Oil & GasAnnouncement

16/05/2022 07:00

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RNS Number : 5325L  UK Oil & Gas PLC  16 May 2022

UK Oil & Gas PLC

("UKOG" or the "Company")

 

NSTA approves conversion of HH-2z into a water reinjector

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that following
the Environment Agency's Horse Hill production consent as announced on 4(th)
May 2022, the North Sea Transition Authority ("NSTA"), formerly the Oil and
Gas Authority, has now granted its formal consent for the recompletion (i.e.,
conversion) of Horse Hill-2z into a water reinjection well. The Company holds
an 85.635% operated interest in the Horse Hill oil field and surrounding
PEDL137 licence.

With both the Environment Agency and NSTA permissions in hand, UKOG can now
further expedite its plans for produced saline formation water reinjection at
Horse Hill during 2022, which, if implemented, would remove the need for
costly transportation and disposal of produced water at distant third-party
sites.

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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