UK Oil & Gas PLC (AIM:UKOG) said it is delighted with a ruling in the Court of Appeal which safeguards the company’s production at the Horse Hill project for the remainder of its commercial lifespan.
The court upheld the legality of legality of Horse Hill's planning consent, as a long-running appeal by Finch et al sought to overturn a December 2020 judgement in Judicial Review.
UKOG highlighted that the court ruling means that the planning consent for Horse Hill oil production was granted entirely lawfully.
"I'm delighted that justice has again prevailed for UKOG in this matter,” said UKOG chief executive Stephen Sanderson.
“This latest judgment in UKOG's favour comes after more than two years in which Finch et al have sought to stop the company's oil production at Horse Hill.
“Given that during this time five judges have found against their case, one cannot help but wonder why they have been permitted so many repeated bites at the same legal cherry.
“That seems at very least unfair and perhaps is also somewhat unjust."
UKOG own an 85.635% stake in the Horse Hill project and the surrounding area.