REG - UK Oil & Gas PLC - One-year work programme on PEDL137 Horse Hill

UK Oil & GasAnnouncement

13/05/2022 07:00

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RNS Number : 3685L  UK Oil & Gas PLC  13 May 2022

UK Oil & Gas PLC

("UKOG" or the "Company")

 

One-year work programme extension on PEDL137 Horse Hill

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that the North
Sea Transition Authority (formerly the Oil and Gas Authority) has granted a
one-year extension to the agreed Retention Area work programme of the
Company's operated PEDL137 licence (UKOG 85.635%) containing the producing
Horse Hill oil field and its underlying Kimmeridge oil pool.

The extension grants an additional year in which to drill a second Horse Hill
Kimmeridge well, with the commencement of drilling to be prior to 30(th)
September 2023.

 

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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