logo-loader
viewUK Oil & Gas PLC

UK Oil & Gas lands 2 year extension to Broadford Bridge planning permission

It extends the permission for the well site to March 2022.

UK Oil & Gas lands 2 year extension to Broadford Bridge planning permission

UK Oil & Gas PLC (LON:UKOG) has secured an extension for its planning permission at the Broadford Bridge project.

The West Sussex County Council's planning committee agreed to extend the permission for 2 years, meaning it will now expire on March 31 2022. It was approved via a 10-1 majority vote.

"The Kimmeridge play, where UKOG holds industry-leading knowledge and an unrivalled acreage position within the sweet spot, remains of primary company interest,” said Stephen Sanderson, chief executive.

“This extension will enable us to incorporate key future well and test information into our understanding of this new play before any further appraisal of our BB-1 Kimmeridge discovery."

Quick facts: UK Oil & Gas PLC

Price: 0.21 GBX

AIM:UKOG
Market: AIM
Market Cap: £23.31 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Directa Plus's graphene facemasks can kill COVID-19 says CEO Giulio Cesareo

Directa Plus PLC's (LON:DCTA) Giulio Cesareo speaks to Proactive London's Andrew Scott after confirmation by scientists in Italy that its graphene-enhanced coronavirus (COVID-19) masks have strong anti-viral properties. The Co-mask, which incorporates the company’s G+ technology, was assessed by...

2 hours, 54 minutes ago

2 min read