Share Name Share Symbol Market Type Share ISIN Share Description
UK Oil & Gas LSE:UKOG London Ordinary Share GB00B9MRZS43 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.325p +22.27% 7.275p 7.25p 7.30p 7.65p 6.10p 6.10p 549,081,364 16:29:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 0.2 -2.0 -0.1 - 253.18

UK Oil & Gas Investments PLC Flow Test Consent - Broadford Bridge-1

07/07/2017 7:00am

UK Regulatory (RNS & others)


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RNS Number : 3857K

UK Oil & Gas Investments PLC

07 July 2017

UK Oil & Gas Investments PLC

("UKOG" or the "Company")

Broadford Bridge-1 Exploration Well, Weald Basin, UK

Flow Test Consent from the Environment Agency

UK Oil & Gas Investments PLC (London AIM and ISDX: UKOG) announces that the Environment Agency ("EA") has formally granted the necessary permit to flow test the Broadford Bridge-1 ("BB-1") oil exploration well.

The BB-1 well is located in the 300 km(2) PEDL234 licence, in which the Company has a 100% interest via its ownership of the licence's operator, Kimmeridge Oil & Gas Limited.

Stephen Sanderson, UKOG's Executive Chairman, Commented:

"This enables us to move onto the next phase of operation at Broadford Bridge. Our drilling and comprehensive coring programme has been very successful and we look forward to equally positive results from our flow testing operation."

Qualified Person's Statement

Stephen Sanderson, UKOG's Executive Chairman, who has over 35 years of relevant experience in the oil industry, has approved the information contained in this announcement. Mr Sanderson is a Fellow of the Geological Society of London and is an active member of the American Association of Petroleum Geologists.

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 Bavister                                                   Tel: 020 7220 1666 

Cenkos Securities PLC (Joint Broker)

   Nick Tulloch / Neil McDonald                                                   Tel: 0131 220 6939 

Square 1 Consulting (Public Relations)

Brian Alexander / David Bick Tel: 01483 243450 / 020 7929 5599

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 company news service from the London Stock Exchange

END

UPDUGURGMUPMGMQ

(END) Dow Jones Newswires

July 07, 2017 02:00 ET (06:00 GMT)

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