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PEDL143 Holmwood Licence Extension
PEDL143 Holmwood Licence Extension.
About this update from Uk Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 2566C UK Oil & Gas Investments PLC 27 June 2016 \n\nUK Oil & Gas Investments PLC\n(\"UKOG\" or the \"Company\")\nPEDL143 Holmwood Licence Extension, Kimmeridge and Portland Region, Weald Basin \n \nUK Oil & Gas Investments PLC (LSE AIM: UKOG) is pleased to announce that Europa Oil and Gas (Holdings) plc (\"Europa\") has today announced that the Oil and Gas Authority (\"OGA\") has granted a two-year extension to the Initial Term of the PEDL143 Licence, which will now end on 1st October 2018. UKOG holds a 30% interest in PEDL143, located immediately to the west of the Horse Hill licence PEDL137. The Licence contains look-alike potential to Horse Hill in the Kimmeridge and Portland sections which will be tested by the Holmwood-1 well planned for winter 2017.\nStephen Sanderson, UKOG's Executive Chairman, commented: \n\"The forthcoming Holmwood-1 well is a key part of the Company's near term strategy to push the Kimmeridge Limestone play forwards. The extension is very welcome.\" \nQualified Person's Statement:\nStephen Sanderson, UKOG's Executive Chairman, who has over 35 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 Tel: 020 7440 0640\n \nWH Ireland (Nominated Adviser and Broker)\nJames Joyce / Mark Leonard &...