UK Oil & Gas PLC Loxley appeal inquiry scheduled for July 2021 (1072R)

TIDMUKOG

RNS Number : 1072R

UK Oil & Gas PLC

04 March 2021

UK Oil & Gas PLC

("UKOG" or the "Company")

Loxley appeal public inquiry scheduled for July 2021

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that its appeal against Surrey County Council's ("SCC") refusal of planning consent for the Loxley gas project will now be heard at a public inquiry to commence on Tuesday 27(th) July 2021.

The Planning Inspectorate's formal appeal process has an effective start date of March 1(st) and culminates with the public inquiry, scheduled for up to nine days. Based upon the earlier than expected inquiry date and the inspectorate's average post-inquiry decision timescales, the inspector's ruling is likely to be issued in autumn 2021.

Counsel continues to advise that there are strong grounds to expect a positive appeal outcome as SCC's cited grounds for refusal are in direct conflict with the advice of its professional Planning and Highway Officers and their respective recommendations for approval

As per the Company's release of 9th February 2020, UKOG's wholly owned Loxley project, located in licence PEDL234, centres upon appraising the second largest undeveloped gas accumulation discovered and flow tested in the UK onshore. If successful, the Company plans to use the gas as a feedstock for reformulation into clean burning hydrogen with the energy capacity to power around 200,000 homes per year.

UKOG's submitted Statement of Case can be viewed via https://www.ukogplc.com/

For further information, please contact:

 
 
   UK Oil & Gas PLC 
  Stephen Sanderson / Kiran Morzaria   Tel: [phone] 
   WH Ireland Ltd (Nominated Adviser 
    and Broker) 
  James Joyce / James Sinclair-Ford    Tel: [phone] 
   Communications 
  Brian Alexander                      Tel: [phone] 
 
 

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March 04, 2021 02:00 ET (07:00 GMT)