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UK Oil & Gas Inv PLC - Application for Planning Consent Extension

RNS Number : 4754R
UK Oil & Gas Investments PLC
15 June 2018
 

 

UK Oil & Gas Investments PLC

("UKOG" or the "Company")

 

Broadford Bridge-1/1z Oil Discovery, Weald Basin, UK

Application for Planning Consent Extension

 

UK Oil & Gas Investments PLC (LSE AIM/ISDX: UKOG) announces that its wholly owned subsidiary, Kimmeridge Oil & Gas Limited ("KOGL"), has today applied to West Sussex County Council ("WSCC") to extend the Broadford Bridge-1/1z ("BB-1/1z") planning permission for a further 18 months to 31 March 2020. BB-1/1z is located in the 300 km² PEDL234 licence ("Licence"), in which the Company has a 100% interest via its ownership of KOGL.

Stephen Sanderson, UKOG's Executive Chairman, Commented:

"The extension, if granted, will provide time to incorporate the learnings from future planned Kimmeridge operations at Horse Hill and PEDL234 into the design and objectives of a possible new BB-1y sidetrack and test programme."

 

For further information, please contact:

 

UK Oil & Gas Investments PLC

Stephen Sanderson / Kiran Morzaria                                                      Tel: 01483 243450

 

WH Ireland (Nominated Adviser and Broker)

James Joyce / James Sinclair-Ford                                                           Tel: 020 7220 1666

 

Cenkos Securities PLC (Joint Broker)

Joe Nally / Neil McDonald                                                                         Tel: 0207 397 8919

 

Public Relations

Brian Alexander / David Bick                                                                      Tel: 01483 243450

 

 

 

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: UK Oil & Gas PLC

Price: 0.245

Market: AIM
Market Cap: £21.18 m
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