UK Oil & Gas plc has appointed specialist adviser Envoi Ltd for the farm-out of up to 50% of the Loxley gas and hydrogen feedstock project. COSTS The farm-out aims to have the planned Loxley-1 appraisal drilling and testing programme carried by the future partner or partners. UKOG said that there were also separate “active […]
Tag: PEDL234 Loxley-1 gas appraisal well – Surrey
UKOG welcomes ruling to stop appeals against Loxley
UK Oil & Gas plc (UKOG) said the Court of Appeal had refused permission for any further appeal against the grant of planning permission for the Loxley conventional gas and hydrogen feedstock project. ORDERS Today’s decision is final and cannot be further reviewed or appealed. “Consequently, Loxley’s planning permission will now remain in full force and effect […]
UKOG planning approval upheld for Loxley
UK Oil & Gas plc (UKOG) said planning approval for its wholly owned Loxley onshore gas project in Surrey has been upheld by the High Court. ENERGY SECURITY The ruling follows a series of legal actions by local protesters and different local authorities after the company successfully appealed against initial refusal in December 2020. UKOG […]
UKOG secures £3m loan
UK Oil & Gas plc (UKOG) has secured a £3 million loan to fund planned activities over the next 12 months at its onshore operations in England and Turkey. USES The loan, from previous lenders RiverFort Global Opportunities PCC Ltd and YA II PN Ltd, holds 0% interest and is repayable 18 months after each […]
UKOG targets 2026 for Loxley production and sales
UK Oil & Gas plc has targeted 2026 to produce and sell gas from its 100% owned PEDL234 licence – Loxley – in Surrey. TIMETABLE The news follows publication of a competent persons report (CPR) for “one of the UK’s largest onshore gas discoveries” at 31 billion cubic feet 2C recoverable gas within the licence. […]
UKOG to progress Loxley appraisal well
UK Oil & Gas plc (UKOG) has received regulatory consent for a modified retention area at PEDL234 Loxely gas field in Surrey. APPRAISAL WELL The company said yesterday that the North Sea Transition Authority (NSTA)’s approval will allow it to focus on accelerating its planned appraisal campaign of its 100%-owned gas discovery. UKOG has agreed […]