2-year extension to PEDL137/PEDL246 OGA programmes

RNS Number : 1464H

UK Oil & Gas PLC

02 August 2021

 

 UK Oil & Gas PLC

("UKOG" or the "Company")

2-year extensions to PEDL137 & PEDL246 OGA work programmes

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that the Oil and Gas Authority has granted two-year extensions to the remaining drilling deadlines necessary to satisfy in full the agreed Retention Area ("RA") work programmes of the Company's operated 85.635% interest Horse Hill PEDL137 and PEDL246 licences.

Both extensions are retroactive and take effect from the RA anniversary date of 30^th September 2020 for PEDL137 and 30^th June 2020 for PEDL246. Fulfilment of the RA programme enables the Company to retain all the licenced area vs. a relinquishment of part of the licence.

The respective RA programme deadlines are now as follows:

· PEDL137: commence drilling a Kimmeridge appraisal well by 30 September 2022.

· PEDL246: commence drilling a Kimmeridge exploration well by 30 June 2025.

The extensions are in response to the coronavirus pandemic.

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]

 

END

 

 

MSCBLGDRSXXDGBG