Conceptual Low-Impact Oil Development Plan

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contingent resources	contingent resources are 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 may include, for example, projects for which there are currently no viable markets, or where commercial recovery is dependent on technology under development, or where evaluation of the accumulation is insufficient to clearly assess commerciality. 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
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
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 a commercial flow rate
horizontal well	a high-angle well (with an inclination of generally greater than 85°) drilled to enhance reservoir performance by placing a long wellbore section within the reservoir.
limestone	a sedimentary rock predominantly composed of calcite (a crystalline mineral form of calcium carbonate) of organic, chemical or detrital origin. Minor amounts of dolomite, chert and clay are common in limestones. Chalk is a form of fine-grained limestone
oil field	an accumulation, pool or group of pools of oil in the subsurface. 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 or stock tank oil in place	the quantity of oil or petroleum that is estimated to exist originally in naturally occurring accumulations before any extraction or production
oolite	oolite is a sedimentary rock formed from ooids, being spherical grains comprised of concentric layers of calcium carbonate and of diameter 0.25-2 mm. Ooids are usually formed in warm, supersaturated, shallow, highly agitated marine water intertidal environments such as the present day Bahama Banks
play	a set of known or postulated oil and or gas accumulations sharing similar geologic, geographic, and temporal properties, such as source rock, migration pathways, timing, trapping mechanism, and hydrocarbon type
recoverable resources	those quantities of petroleum (oil in this case) estimated, as of a given date, to be potentially recoverable from known accumulations
reserves	those quantities of petroleum anticipated to be commercially recoverable by application of development projects to known accumulations from a given date forward under defined conditions; reserves must further satisfy four criteria: they must be discovered, recoverable, commercial and remaining (as of the evaluation date) based on the development project(s) applied; reserves 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 characterised by development and production status
reservoir	a subsurface rock formation containing an individual natural accumulation of moveable petroleum
sandstone	a clastic sedimentary rock whose grains are predominantly sand-sized. The term is commonly used to imply consolidated sand or a rock made of predominantly quartz sand
sidetrack	re-entry of a well from the well's surface location with drilling equipment for the purpose of deviating from the existing well bore to achieve production or well data from an alternative zone or bottom hole location, or to remedy an engineering problem encountered in the existing well bore
tight oil play	a play where oil is found or expected to be present within a reservoir with low permeability, i.e. a tight reservoir. The term, in the case of the Kimmeridge limestone, is applied to a play where trapped petroleum accumulations are expected to be pervasive throughout a large area and that are not significantly affected by hydrodynamic influences (also called "continuous-type deposits")
well stimulation	well stimulation is a well intervention performed on an oil or gas well to increase production by improving the flow of hydrocarbons from the drainage area into the well bore.

Asset	Licence	UKOG Interest	Licence Holder	Operator	Area (km²)	Status
Offshore Isle of Wight⁴	P1916	77.5%	UKOG Solent Limited	UKOG	46.7	Awaiting announcement of 14th Round awards. UKOG has applied for the adjacent 200 km sq onshore acreage. See below
Markwells² Wood	PEDL126	100%	UKOG (GB) Limited	UKOG	11.2	Awaiting extension of PEDL126 planning permission by the SDNPA, compiling FDP
Horndean ¹	PL211	10%	UKOG (GB) Limited	IGas Energy Plc	27.3	Field in stable production.
Avington ¹	PEDL070	5%	UKOG (GB) Limited	IGas Energy Plc	36.0	Field in stable production.
Baxters² Copse	PEDL233	50%	UKOG Weald Limited	IGas Energy Plc	89.6	Reviewing economics of drilling an appraisal / development well.
Horse Hill³	PEDL137	20.358%	Horse Hill Develop-ments Limited ⁶	UKOG/HHDL	99.3	Flow testing of the HH-1 discovery planned, awaiting regulatory approvals.
Horse Hill³	PEDL246	20.358%	Horse Hill Develop-ments Limited ⁶	UKOG/HHDL	43.6	Flow testing of the HH-1 discovery planned, awaiting regulatory approvals.
Holmwood⁴	PEDL143	20%	UKOG	Europa Oil & Gas (Holdings) plc	91.8	Awaiting OGA consent of farmin, drilling of exploration well planned.
Lidsey ¹	PL241	4.2%	Angus Energy ⁵	Angus Energy Limited	5.3	Drilling of an infill well being considered.
Brockham ¹	PL234	3.6%	Angus Energy⁵	Angus Energy Limited	8.9	Drilling of a sidetrack well being considered.
Onshore Isle of Wight	tba	65%	tba	UKOG	~200	Licence applied for in the 14^th Licence Round.

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