Flow Test Consent - Broadford Bridge-1

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 km² 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: [phone] 

WH Ireland (Nominated Adviser and Broker)

James Joyce / James Bavister                                                   Tel: [phone]

Cenkos Securities PLC (Joint Broker)

Nick Tulloch / Neil McDonald                                                   Tel: [phone]

Square 1 Consulting (Public Relations)

Brian Alexander / David Bick                                                    Tel: [phone]

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

 

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