Horse Hill production facilities upgrade completed

RNS Number : 2270M

UK Oil & Gas PLC

20 September 2021

 

UK Oil & Gas PLC

("UKOG" or the "Company")

Horse Hill production facilities upgrade completed

UK Oil & Gas PLC (London AIM: UKOG)  is pleased to announce that it has completed a planned two-week production facility upgrade at its 85.635% owned Horse Hill oil field. Works included modifications to prepare the site for automated 24-hour continuous production operations, together with the installation of the first tranche of permanent facility equipment required under the Health and Safety Executive's Control of Major Accident Hazards (COMAH) regulations. Following the shutdown period necessary to undertake the works, oil production has now been re-established.  

Qualified Person's Statement

Matt Cartwright, UKOG's Commercial Director, who has 38 years of relevant experience in the global oil industry, has approved the information contained in this announcement. Mr Cartwright is a Chartered Engineer and member of the Society of Petroleum Engineers.

For further information, please contact:

UK Oil & Gas PLC

Stephen Sanderson / Kiran Morzaria                                                      Tel: [phone]

W   H Ireland Ltd  (Nominated Adviser and Broker)

James Joyce / Andrew de Andrade Tel: [phone]

Communications

Brian Alexander                                                                 Tel: [phone]

UKOG Licence Interests

The Company has interests in the following UK and international licences:

Asset	Licence	UKOG Interest	Licence Holder	Operator	Area (km 2 )	Status
Horndean  1	PL211	10%	UKOG (GB) Limited	IGas Energy Plc	27.3	Field in stable production
Horse Hill  ¹ ,	PEDL137	85.635%	Horse Hill Developments Ltd  ⁶	Horse Hill Developments Ltd  ⁶	99.3	Field in stable production
Horse Hill  ¹ ,	PEDL246	85.635%	Horse Hill Developments Ltd  ⁶	Horse Hill Developments Ltd  ⁶	43.6	Field in stable production
Avington  1	PEDL070	5%	UKOG (GB) Limited	IGas Energy Plc	18.3	Field temporarily shut in
Resan Turkey  2, 3, 8	M-47-b1, b2	50%	UKOG Turkey Ltd	Aladdin Middle East	305	Appraisal of Basur-Resan oil discovery plus further expl. prospects
Loxley  2, 3, 7	PEDL234	100%	UKOG (234) Ltd  4	UKOG (234) Ltd  4	300	Loxley/Godley Bridge gas discovery, BB-1/1z oil discovery
Isle of Wight  2, 3	PEDL331	95%	UKOG	UKOG	200	Planning application submitted for Arreton oil appraisal well

Notes:

1.  Oil field currently in stable production.

2.  Oil discovery pending development and/or appraisal drilling.

3.  Exploration asset with drillable prospects and leads.

4.  Contains the Loxley Portland gas accumulation, the Broadford Bridge-1/1z Kimmeridge oil discovery, plus further undrilled Kimmeridge exploration prospects.

5.  Portland and Kimmeridge oil field with productive and commercially viable zones, HH-1 in stable oil production, production planning consent granted in September 2019, long-term production consent granted in March 2020.

6.  UKOG has a direct 77.9% interest in HHDL, which has a 65% interest in PEDL137 and PEDL246.

7.   Gas discovery pending appraisal drilling and development with underlying Kimmeridge potential

8.  High-impact oil appraisal project with an upside OIP range of 150-500 mmbbl gross with expected recovery factors of 10-20% of OIP

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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