UK OIL & GAS PLC

Regulatory Filings • May 13, 2022

National Storage Mechanism | Additional information

RNS Number : 3685L

UK Oil & Gas PLC

13 May 2022

UK Oil & Gas PLC

("UKOG" or the "Company")

One-year work programme extension on PEDL137 Horse Hill

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that the North Sea Transition Authority (formerly the Oil and Gas Authority) has granted a one-year extension to the agreed Retention Area work programme of the Company's operated PEDL137 licence (UKOG 85.635%) containing the producing Horse Hill oil field and its underlying Kimmeridge oil pool.

The extension grants an additional year in which to drill a second Horse Hill Kimmeridge well, with the commencement of drilling to be prior to 30th September 2023.

For further information, please contact:

UK Oil & Gas PLC
Stephen Sanderson / Matt Gormley / Allen D Howard	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 to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the “UK MAR”) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company’s obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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