AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

UK OIL & GAS PLC

Legal Proceedings Report Feb 18, 2022

7993_rns_2022-02-18_ff54dd90-c8ac-489c-9702-677ba9da10a3.html

Legal Proceedings Report

Open in Viewer

Opens in native device viewer

National Storage Mechanism | Additional information

RNS Number : 0607C

UK Oil & Gas PLC

18 February 2022

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCUBVBRUUUUAAR

Talk to a Data Expert

Have a question? We'll get back to you promptly.