Environment Agency Grants Permit for Loxley Portland Gas Appraisal Project
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that the Environment Agency (“EA”) has issued UKOG with the necessary permit to drill and test the proposed Loxley-1 Portland gas appraisal well. The permit covers all environmental aspects of the proposed scheme of works including a Loxley-1z sidetrack well.
Planning consent for the Loxley-1 well, the next key regulatory permission required to progress the Loxley project, is scheduled to be decided by Surrey County Council on Monday 29th June.
The Loxley-1 project, located within licence PEDL234 (UKOG 100%), plans to appraise the significant Portland gas accumulation originally discovered and flow tested 8 km to the west by Conoco’s 1982 Godley Bridge-1 well.
Stephen Sanderson, UKOG’s Chief Executive, commented:
” The grant of this key permit demonstrates that UKOG’s proposed scheme of works and practices meets the EA’s stringent environmental safeguarding standards.”
Qualified Person’s Statement
Matt Cartwright, UKOG’s Commercial Director, who has 37 years of relevant experience in the global oil industry, has approved the information contained in this announcement. Mr Cartwright is a Chartered Engineer and member of the Society of Petroleum Engineers.
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