Business
Final Flow Test Consent
Final Flow Test Consent.
About this update from Uk Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 6373K UK Oil & Gas Investments PLC 04 January 2016 \n\n04 January 2016\nUK Oil & Gas Investments PLC\n(\"UKOG\" or the \"Company\")\nHorse Hill-1 Oil Discovery, Weald Basin, UK\nFinal Flow Test Consent from the UK Oil and Gas Authority\n \nUK Oil & Gas Investments PLC (London AIM and ISDX: UKOG) announces that it has been notified by Horse Hill Developments Limited (\"HHDL\") that the Oil and Gas Authority (\"OGA\") has granted consent for an extended flow test over three separate zones in the Horse Hill-1 (\"HH-1\") oil discovery well. All necessary permissions to test the well are now in place. \nThe HH-1 discovery well, drilled at the end of 2014, is located within onshore exploration Licence PEDL137, on the northern side of the Weald Basin near Gatwick Airport, in which UKOG owns a 20.163% interest. \nStephen Sanderson, UKOG's Executive Chairman commented: \n\"The extended test will provide the Company with a very definitive start to the New Year. We look forward to safe and successful operations.\"\nUKOG's interest in Horse Hill\nThe HH-1 well is located within onshore exploration Licence PEDL137, on the northern side of the Weald Basin near Gatwick Airport. UKOG owns a 30% direct interest in HHDL and a 1.02% interest in HHDL via its 6% interest in Angus Energy Limited. HHDL is a special purpose company that owns a 65% participating interest and operatorship of Licence PEDL137 and the adjacent Licence PEDL246 in the UK Weald Basin.\nQualified Person's Statement:\n \nStephen Sanderson, UKOG's Executive Chairman, who has over 30 years of relevant experience in the oil industry, has approved the information contained in this announcement. Mr Sanderson is a Fellow of the Geological Society of London and is an active member of the American Association of Petroleum Geologists.\n \nFor further information please contact: \nUK Oil & Gas Investments PLC\nStephen Sanderson / Jason Berry  ...