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UKOG Uk Oil & Gas Plc

0.0325
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Uk Oil & Gas Plc LSE:UKOG London Ordinary Share GB00BS3D4G58 ORD GBP0.000001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0325 0.03 0.035 0.0325 0.0325 0.0325 85,641,854 07:48:41
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 1.78M -4.87M -0.0015 -0.20 976.2k

UK Oil & Gas PLC High Court upholds Loxley planning consent (9215C)

14/10/2022 7:09am

UK Regulatory


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RNS Number : 9215C

UK Oil & Gas PLC

14 October 2022

UK Oil & Gas PLC

("UKOG" or the "Company")

High Court upholds Loxley planning consent

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that by order of the Honourable Mrs Justice Lang DBE, the High Court has rejected legal challenges by Protect Dunsfold and Waverley Borough Council against the Secretary of State's decision to grant planning permission for Loxley, the conventional gas and hydrogen feedstock project in Surrey. Loxley planning consent therefore remains in full force and the Company's plans to implement the project remain unchanged.

Mrs Justice Lang considered both challenges as " unarguable" and ordered Waverley and Protect Dunsfold to pay costs of GBP8,835 and GBP3,000 respectively.

This follows the decision in June of this year by the Right Hon Stuart Andrew MP, Minister for Housing acting for the Secretary of State ("SoS") for Levelling Up, Housing and Communities, to overturn Surrey County Council's ("SCC") refusal of planning consent.

UKOG has consistently stated that Loxley can play its part in the government's Hydrogen and British Energy Security Strategies via the supply of its gas as feedstock for reformation into clean burning hydrogen.

It is the Company's and its legal counsel's view that, whilst further challenges by either claimant are to be expected, the emphatic rulings of both the SoS and Justice Lang make the likelihood of their success highly doubtful. In any case, the Company will continue to rigorously defend its position in any subsequent action as and when it may occur.

Stephen Sanderson, UKOG Chief Executive, commented:

"We welcome this further emphatic legal decision upholding planning consent for the Company's material conventional gas and hydrogen feedstock project in Surrey. Whilst we fully accept the right to review such material decisions, it cannot be fair or just that opponents to the decision are given so many opportunities to make the same argument repeatedly and seemingly regardless of prior dismissals. We therefore urge the government to swiftly implement its proposed changes to the planning system for key infrastructure projects if it is serious about delivering energy self-sufficiency and associated meaningful economic growth."

For further information, please contact:

 
  UK Oil & Gas PLC 
  Stephen Sanderson / Allen D Howard / Guzyal       Tel: 01483 941493 
   Mukhametzhanova 
  WH Ireland Ltd (Nominated Adviser and Broker) 
  James Joyce / Andrew de Andrade                   Tel: 020 7220 
                                                     1666 
 
   Communications 
  Brian Alexander                                   Tel: 01483 941493 
 
 

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

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 rns@lseg.com or visit www.rns.com.

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END

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(END) Dow Jones Newswires

October 14, 2022 02:09 ET (06:09 GMT)

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