UK Oil & Gas Investments PLC Markwells Wood Planning Permission Extension (4501C)
2015年10月16日 - 3:00PM
ＲＮＳを含む英国規制内ニュース （英語）
TIDMUKOG
RNS Number : 4501C
UK Oil & Gas Investments PLC
16 October 2015
16 October 2015
UK Oil & Gas Investments PLC
("UKOG" or the "Company")
Markwells Wood Planning Permission Extension, UK Weald Basin
UK Oil & Gas Investments PLC (LSE AIM: UKOG) announces that
planning permission for the Markwells Wood-1 well site, in West
Sussex, near Rowlands Castle, has been extended until 30 September
2016. The local planning authority for the well site is the South
Downs National Park Authority ("SDNPA"). UKOG owns a 100% interest
in the Markwells Wood licence (PEDL126).
Future Plans:
Per UKOG's RNS of 14 September 2015, the Company has commenced
work on a Markwells Wood Field Development Plan ("FDP"), with a
view to submitting the FDP to the Oil and Gas Authority ("OGA") and
seeking OGA's approval to move the PEDL126 licence from its current
exploration phase into an 18-year production period.
In due course, the Markwells Wood FDP will also form the basis
of a new planning application to the SDNPA to seek their consent
for Markwells Wood field development. Applications for further
regulatory consents from the Environment Agency and Health and
Safety Executive will follow.
As part of the FDP, the Company has also commissioned related
engineering and environmental studies, which will draw upon some of
the findings of UKOG's recent Weald conceptual development studies.
These Markwells Wood studies will focus on how the Markwells Wood
oil field can be developed, with minimal footprint and local
impact.
The Company has also commissioned well completion studies with
Nutech Energy Ltd to investigate how flow from the proposed
Markwells Wood-1 ("MW-1") sidetrack well could be optimised.
Stephen Sanderson, UKOG's Chairman, commented:
"This is a key step to enable the Company to move forward with
its plan to develop this UK onshore oil field to add further oil
production to its portfolio.
In order to obtain the necessary regulatory consents to proceed
with the development, we will now finalise a FDP and compile and
submit a new planning application to SDNPA.
The Markwells Wood field development, if permitted, is planned
in a series of phases, commencing with the proposed MW-1 sidetrack
development well.
We will utilise the findings of our recently published Weald
conceptual development studies to ensure that any production
facilities have a low environmental impact and minimal footprint
that respects the rural beauty and way of life of the local
area."
For further information please contact:
UK Oil & Gas Investments PLC
Stephen Sanderson / Jason Berry Tel: 020 7440 0640
WH Ireland (Nominated Adviser and Broker)
James Joyce / Mark Leonard Tel: 020 7220 1666
Square 1 Consulting (Public Relations)
David Bick / Mark Longson Tel: 020 7929 5599
Glossary:
sidetrack re-entry of a well from the well's surface
location with drilling equipment for the purpose
of deviating from the existing well bore to
achieve production or well data from an alternative
zone or bottom hole location, or to remedy
an engineering problem encountered in the existing
well bore.
Notes to Editors:
UKOG Licence Interests
The Company has interests in the following UK licences:
Asset Licence UKOG's Licence Holder Operator Area Status
Interest (km(2)
)
Field in
Avington UKOG (GB) IGas Energy stable
(1) PEDL070 5% Limited Plc 18.3 production.
--------- --------------- ------------- ------- --------------
Reviewing
economics
of appraisal/
Baxters UKOG Weald IGas Energy development
Copse (2) PEDL233 50% Limited Plc 89.6 well.
----------- --------- --------------- ------------- ------- --------------
Drilling of
sidetrack
well
Brockham Angus Energy Angus Energy being
(1) PL234 3.6% (5) (5) 8.9 considered.
----------- --------- --------------- ------------- ------- --------------
Awaiting OGA
Europa Oil consent to
& Gas farm-in,
Holmwood (Holdings) exploration
(3) PEDL143 20% UKOG plc 91.8 well planned.
----------- --------- --------------- ------------- ------- --------------
Field in
Horndean UKOG (GB) IGas Energy stable
(1) PL211 10% Limited Plc 27.3 production.
----------- --------- --------------- ------------- ------- --------------
Flow testing
of HH-1
planned,
Horse Hill Horse Hill awaiting
Horse Hill Developments Developments regulatory
(4) PEDL137 20.358% Ltd (6) Ltd (6) 99.3 approvals.
------- --------------
Flow testing
of HH-1
planned,
Horse Hill Horse Hill awaiting
Horse Hill Developments Developments regulatory
(4) PEDL246 20.358% Ltd (6) Ltd (6) 43.6 approvals.
------- --------------
Awaiting 14th
Isle of Round, UKOG
Wight adjacent
(Offshore) UKOG Solent UKOG Solent onshore
(3) P1916 77.5% Limited Limited 46.7 acreage.
-----------
Isle of 14th TBA TBA TBA 200.0 Subject to
Wight Round 14th
(Onshore) Round awards.
(3)
-----------
Drilling of
infill well
Angus Energy Angus Energy being
Lidsey (1) PL241 4.2% (5) (5) 5.3 considered.
----------- --------- --------------- ------------- ------- --------------
Compiling
Field
Markwells UKOG (GB) UKOG (GB) Development
Wood (2) PEDL126 100% Limited Limited 11.2 Plan.
----------- --------- --------------- ------------- ------- --------------
Notes:
1. Oil field currently in production.
2. Oil discovery pending development and/or appraisal
drilling.
3. Exploration asset with drillable prospects
and leads.
4. Oil discovery pending
flow testing.
5. UKOG has a 6% interest in Angus Energy.
Angus Energy has a 70% interest in Lidsey
and a 60% interest in Brockham.
6. UKOG has a direct 30% interest in HHDL, plus an indirect
1.32% interest via Angus Energy. HHDL has a 65% interest
in PEDL137 and PEDL246.
This information is provided by RNS
The company news service from the London Stock Exchange
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