UK Oil & Gas PLC
("UKOG" or the "Company")
Horse Hill production consent upheld by Court of Appeal
UK Oil & Gas PLC (London AIM: UKOG) is delighted to announce that the long-running appeal by Finch et al to overturn the December 2020 Judicial Review judgment upholding the legality of Horse Hill's planning consent, has been refused by the Court of Appeal.
This judgment means that the planning consent for Horse Hill oil production was granted entirely lawfully and, as such, confirms that Horse Hill can remain operational until the end of its commercial field life. The Company holds an 85.635% operated interest in Horse Hill and the surrounding PEDL137 licence.
A copy of the judgment will be made available on the Company's website https://www.ukogplc.com.
Stephen Sanderson, UKOG's Chief Executive commented:
"I'm delighted that justice has again prevailed for UKOG in this matter. This latest judgment in UKOG's favour comes after more than two years in which Finch et al have sought to stop the Company's oil production at Horse Hill. Given that during this time five judges have found against their case, one cannot help but wonder why they have been permitted so many repeated bites at the same legal cherry. That seems at very least unfair and perhaps is also somewhat unjust."
For further information, please contact:
| UK Oil & Gas PLC |
|
| Stephen Sanderson, Matt Gormley
| Tel: 01483 941493 |
| 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 by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014
END
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