News Oil & Gas

UKOG to progress Loxley appraisal well

Posted on Author editorial Comment(1)

UK Oil & Gas plc (UKOG) has received regulatory consent for a modified retention area at PEDL234 Loxely gas field in Surrey.

Viability: Loxley-1 is planned to be completed as a future production well (UK Oil & Gas)

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 to begin the Loxley-1 appraisal well, designed to confirm the commercial viability of the discovery, by 30 June 2024.

“Loxley-1 is planned to be completed as a future production well, one of only two wells required to produce Loxley’s entire estimated material recoverable gas resources,” added the company.

“The second production well, designed to maintain the desired plateau gas production rate,
must be drilled by summer 2029.”

SEISMIC

If Loxley-1 confirms the discovery’s commercial viability, the company will acquire 10 km² of 3D seismic over the field by 30 June 2025 and submit a field development plan for NSTA consent by the end of 2025.

Related Articles
Metals & Minerals News

Alba extends lithium option and progresses Clogau

Posted on Author editorial

Alba Mineral Resources plc has extended the due diligence period for the Andover West lithium project in Western Australia while progressing operations at its Clogau-St David’s gold mine.      DEWATERING The company now has until 18 June 2024 to decide whether it wishes to acquire an initial 50% interest in the lithium rights over the West […]
Company Moves Metals & Minerals News

Ormonde chairman Brian Timmons no longer Peak Nickel director

Posted on Author editorial

Sheffield-based Peak Nickel Ltd’s appointment of Brian Timmons as a director has ended. Companies House recorded the change effective on 27 September 2023. Mr Timmons, the executive chairman of Peak Nickel investor Ormonde Mining plc, began the directorship on 7 February 2023. He is currently a director of Ormonde’s other investee company TRU Precious Metals […]
Company Moves Metals & Minerals News

Tungsten West appoints Jeffery Court as CEO

Posted on Author editorial

Tungsten West plc has appointed Jeffery Court as chief executive officer on the board, effective no later than 1 November 2024. His appointment is subject to completion of his notice period from current employer Capital Ltd, due diligence and approval of a UK work visa. Mr Court is an international mining executive with more than […]

One Reply to “UKOG to progress Loxley appraisal well”

  1. Pingback: UK Oil & Gas review shows 31 bcf 2C recoverable gas at Loxley - Extractive Industries

Comments are closed.