REG - UK Oil & Gas PLC - Successful Loxley Planning Appeal Outcome

UK Oil & GasAnnouncement

07/06/2022 16:30

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RNS Number : 0467O  UK Oil & Gas PLC  07 June 2022

UK Oil & Gas PLC

("UKOG" or the "Company")

 

Successful Loxley Planning Appeal Outcome

 

UK Oil & Gas PLC (London AIM: UKOG) is delighted to announce that the
Right Hon Stuart Andrew MP, Minister for Housing acting for the Secretary of
State ("SoS") for Levelling Up, Housing and Communities has overturned Surrey
County Council's ("SCC") refusal of planning consent for its wholly-owned
Loxley conventional gas and hydrogen feedstock project. With both planning and
environmental consents in hand the Loxley gas project can now, finally,
proceed ahead.

 

SCC twice refused planning consent, going against the advice of its planning
officers, forcing UKOG to undertake a lengthy and costly appeal process. In
January of this year the SoS recovered the appeal from the Planning
Inspectorate.

 

The Company has also consistently stated that it envisages Loxley to play its
part in the government's Hydrogen Strategy via the supply of its gas as
feedstock for reformation into clean burning hydrogen, an energy source with
an 85% reduction in related carbon emissions versus natural gas.

 

Stephen Sanderson, UKOG's Chief Executive commented:

 

"We welcome this decision and its backing for Loxley's gas as a secure,
sustainable energy source with a far lower pre-combustion carbon footprint
than imports. Backing UK domestic gas makes strategic, economic and
environmental good sense. We look forward to moving the Loxley project
forwards and to working constructively with the local community."

 

 

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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