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Share Name Share Symbol Market Type Share ISIN Share Description
Uk Oil & Gas Plc 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
  0.00 0.0% 0.064 0.063 0.065 0.064 0.064 0.064 87,061,744 08:00:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.6 -4.8 -0.0 - 11

UK Oil & Gas PLC Horse Hill Update

15/08/2022 11:59am

UK Regulatory (RNS & others)


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RNS Number : 0477W

UK Oil & Gas PLC

15 August 2022

UK Oil & Gas PLC

("UKOG" or the "Company")

Horse Hill Update

UK Oil & Gas PLC (London AIM: UKOG) announces that further to the Court of Appeal's February 2022 dismissal of the challenge by Finch on behalf of the Weald Action Group (Finch et al) to Surrey County Council's grant of Horse Hill production consent (UKOG 85.635%) , the Company now understands that, disappointingly, but perhaps not unsurprisingly, the claimant has been given a final legal avenue to appeal to the Supreme Court. Should the claimant adopt this final permitted course of action, it is expected to be heard some time from Q2 2023 onwards. No further action by the claimant will be permissible after any such hearing. Planning consent currently remains in full force and lawful oil production at Horse Hill will continue until further notice.

At the last count, five judges and the Court of Appeal have dismissed this case. Consequently, the Company and its legal counsel remain convinced that planning consent was granted entirely lawfully, and will, therefore, strongly contest any further action against its interests.

Following the Environment Agency's full Horse Hill production consent in May this year, a new Unico pump has recently been installed in the H H-1 oil producer. The prior pump is being refurbished as an additional spare. Preparatory work towards converting HH-2z into a produced saline water reinjector continues.

For further information, please contact:

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

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, 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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDSFWFSIEESEIA

(END) Dow Jones Newswires

August 15, 2022 06:59 ET (10:59 GMT)

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