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OGA Approval of Second PEDL143 Farm-In
OGA Approval of Second PEDL143 Farm-In.
About this update from Uk Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 4807J UK Oil & Gas Investments PLC 18 December 2015 \n \n\n18 December 2015 \nUK Oil & Gas Investments PLC\n(\"UKOG\" or the \"Company\")\n \nOGA Approval of Second PEDL143 Farm-In, Holmwood Prospect, Weald Basin, UK\n \nUK Oil & Gas Investments PLC (London AIM and ISDX:UKOG) announces that it has received final regulatory consent from the Oil and Gas Authority (\"OGA\") to acquire a further 10% interest in UK onshore Weald Basin licence PEDL143, via the farm-in with Warwick Energy Exploration and Production Limited (\"Warwick\") announced on 23 November 2015.\nPEDL143 covers 35.5 square miles and is located to the immediate west of Horse Hill licence PEDL137, in which UKOG has a 20.163% interest, and to the immediate south of the Brockham oil field, licence PL235, in which UKOG has an interest via its 6% ownership of Angus Energy Limited.\nAs previously reported, the Company will participate in the drilling of the planned Holmwood-1 exploration well which will test the Holmwood Prospect's identified Portland sandstone, Kimmeridge limestone and Corallian sandstone reservoir objectives.\nStephen Sanderson, UKOG's Executive Chairman commented:\n\"The Holmwood licence is now a significant and exciting element of our core Weald Basin exploration portfolio. We look forward to the drilling of the Holmwood-1 well next winter.\"\nFor further information please contact:\nUK Oil & Gas Investments PLC\nStephen Sanderson / Jason Berry Tel: 020 7440 0640\n \nWH Ireland (Nominated Adviser and Broker)\nJames Joyce / Mark Leonard ...