UK Oil & Gas plc said that a court ruling has allowed it to continue oil production at Horse Hill in Surrey for the rest of the field’s commercial life. COURT OF APPEAL The company added that the Court of Appeal had refused an appeal by Finch et al to overturn the December 2020 Judicial […]
Tag: UK Oil & Gas plc
UKOG appoints Matt Gormley as CFO among changes
UK Oil & Gas plc has appointed Matt Gormley as chief financial officer in a non-board position. Mr Gormley was previously group financial controller of Shanta Gold Ltd and an audit manager at Grant Thornton UK LLP. With effect from 1 January 2022 the board will also be restructured. Kiran Morzaria, chief executive of Cadence […]
UKOG looks to new strategy after Arreton appraisal refused
UK Oil & Gas plc (UKOG) plans to switch to international, geothermal and hydrogen projects after being refused permission to appraise and test the Arreton oil and gas discovery on the Isle of Wight. RESEARCH Arreton lies within the 200 km² PEDL331 in which the company holds a 95% operated interest and a two-year extension July […]
UKOG completes purchase of equipment for Horse Hill oil
UK Oil & Gas plc (UKOG) announced it had paid the final instalment to PW Well Test Ltd for surface production equipment at Horse Hill oil field in Surrey. In July 2020, the company bought the equipment from PW for £1.65 million. This would be paid in three equal instalments of £550,000 either wholly in […]
UKOG appeal inquiry against Loxley refusal set for July
UK Oil & Gas plc (UKOG) said its appeal against Surrey County Council’s refusal to grant permission for the Loxley gas appraisal well will be heard at a public inquiry on 27 July 2021. HYDROGEN The inspectorate’s process starts on 1 March and ends with the inquiry, expected to last up to nine days with a decision […]
UKOG makes second payment for Horse Hill equipment
UK Oil & Gas plc (UKOG) said it had completed the second instalment due under the sale and purchase agreement with PW Well Test Ltd (PW) for surface production equipment for Horse Hill oil site in Surrey. UKOG bought the equipment from PW for £1.65 million with the purchase to be made in three equal […]