Arreton - Planning Application Submitted | Company Announcement

*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.

Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy

To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.

appraisal well	a borehole designed to determine the lateral and or vertical extent of a discovered hydrocarbon accumulation
Contingent Resource(s)	those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations, but the applied project(s) are not yet considered mature enough for commercial development due to one or more contingencies. Contingent Resources are further categorized in accordance with the level of certainty associated with the estimates and may be sub-classified based on project maturity and/or characterized by their economic status
deviated well	a well whose bottom hole location does not directly underlie its surface location. Such wells are common as a surface location cannot always be directly located over the subsurface target zone.
discovery	a discovery is a petroleum accumulation for which one or several exploratory wells have established through testing, sampling and/or logging the existence of a significant quantity of potentially moveable hydrocarbons
extended well test	a well test, as per the permission granted by the Oil and Gas Authority, with an aggregate flow period duration over all zones of greater than 96 hours and up to 90 days per zone
flow test	a flow test or well test involves testing a well by flowing hydrocarbons to surface, typically through a test separator. Key measured parameters are oil and gas flow rates, downhole pressure and surface pressure. The overall objective is to identify the well's capacity to produce hydrocarbons at commercial flow rates and overall volumes.
oil field	an accumulation, pool or group of pools of oil in the subsurface that produces oil to surface. An oil field consists of a reservoir in a shape that will trap hydrocarbons and that is covered by an impermeable or sealing rock
oil in place	the quantity of oil or petroleum that is estimated to exist in naturally occurring accumulations in the ground before any extraction to surface.
P50 or best estimate	a 50% probability that a stated volume will be equalled or exceeded
recoverable volumes or resources	those quantities of petroleum (i.e. oil in this case) estimated, as of a given date, to be potentially recoverable to surface from known accumulations
sidetrack	to re-enter an existing wellbore and to drill out of one side in order to reach a different bottom hole location or target. In the case of A-3 the near vertical deviated mother borehole will be used as a pilot hole and a horizontal sidetrack will be drilled out entirely within the oil-bearing reservoir with the aim of increasing overall exposure to reservoir rock and thus potentially increasing flow rates.

Asset	Licence	UKOG Interest	Licence Holder	Operator	Area (km ² )	Status
Avington ¹	PEDL070	5%	UKOG (GB) Limited	IGas Energy Plc	18.3	Field currently temporarily shut in
Broadford Bridge/Loxley/Godley Bridge ^{2, 3, 8}	PEDL234	100%	UKOG (234) Ltd ⁴	UKOG (234) Ltd ⁴	300.0	BB-1/1z oil discovery, Loxley-1 gas appraisal well planning application submitted
A24 ³	PEDL143	67.5%	UKOG	UKOG ⁷	91.8	Finalising new site selection to drill Portland and Kimmeridge prospects
Horndean ¹	PL211	10%	UKOG (GB) Limited	IGas Energy Plc	27.3	Field in stable production
Horse Hill ⁵	PEDL137	85.635%	Horse Hill Developments Ltd ^⁶	Horse Hill Developments Ltd ^⁶	99.3	Production tests ongoing, HH-2/2z drilling completed
Horse Hill ⁵	PEDL246	85.635%	Horse Hill Developments Ltd ^⁶	Horse Hill Developments Ltd ^⁶	43.6	As above
Isle of Wight (Onshore) ^{2, 3}	PEDL331	95%	UKOG	UKOG	200.0	Preparing planning submission for Arreton oil appraisal well and Godshill exploration well
Markwells Wood	PEDL126	100%	UKOG (GB) Limited	UKOG (GB) Limited	11.2	MW-1 P&A

Arreton - Planning Application Submitted

Companies

UK 100

Latest directors dealings