UK Oil & Gas (UKOG)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

0.020p
   
  • Change Today:
      0.001p
  • 52 Week High: 0.100
  • 52 Week Low: 0.014
  • Currency: UK Pounds
  • Shares Issued: 13,363m
  • Volume: 163,168,829
  • Market Cap: £2.67m

UKOG gets two-year planning extension to Broadford Bridge discovery

By Josh White

Date: Friday 20 May 2022

LONDON (ShareCast) - (Sharecast News) - UK Oil & Gas announced on Friday that the West Sussex County Council has approved, by a 7-2 majority vote, a two-year planning extension to its Broadford Bridge-1z (BB-1z) Kimmeridge oil discovery.
The AIM-traded firm said the discovery is located in licence PEDL234, which it wholly owns, with the planning extension running to 31 March.

It said the additional two years would permit any learnings from possible future Kimmeridge drilling at both the company's nearby Loxley conventional gas and Horse Hill oil fields to be factored into its future Broadford Bridge plans.

As it reported on 11 March, UKOG was currently awaiting a final decision on its appeal against Surrey County Council's refusal of planning consent for the Loxley gas project by the Secretary of State for Levelling Up, Housing and Communities.

The Planning Inspectorate told the Company in March that they expected the Secretary of State to issue his decision on or before 7 June.

"In accord with the Company's stated plans to diversify into the provision of sustainable green energy in the UK, the extension will also permit conceptual plans for the supply of heat energy from BB to a possible new large scale greenhouse end-user to be further developed," the board said in its statement.

"The early-stage concept includes use of the BB drilling pad to site several new stand-alone deep geothermal wells."

At 1310 BST, shares in UK Oil & Gas were flat at 0.12p.

Reporting by Josh White at Sharecast.com.

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UK Oil & Gas Market Data

Currency UK Pounds
Share Price 0.020p
Change Today 0.001p
% Change 3.09 %
52 Week High 0.100
52 Week Low 0.014
Volume 163,168,829
Shares Issued 13,363m
Market Cap £2.67m

UK Oil & Gas Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.07% above the market average77.07% above the market average77.07% above the market average77.07% above the market average77.07% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
97.17% below the market average97.17% below the market average97.17% below the market average97.17% below the market average97.17% below the market average
92% below the sector average92% below the sector average92% below the sector average92% below the sector average92% below the sector average
Income Not Available
Growth
23.42% below the market average23.42% below the market average23.42% below the market average23.42% below the market average23.42% below the market average
21.74% below the sector average21.74% below the sector average21.74% below the sector average21.74% below the sector average21.74% below the sector average

UK Oil & Gas Dividends

No dividends found

Trades for 14-Feb-2025

Time Volume / Share Price
16:18 2,000,000 @ 0.020p
16:05 4,000,000 @ 0.020p
16:03 4,748,803 @ 0.021p
15:52 1,286,325 @ 0.021p
13:30 35,600,543 @ 0.019p

UK Oil & Gas Key Personnel

CEO Stephen (Steve) Sanderson

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