P1916 Offshore Isle of Wight Licence Extension

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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
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
naturally fractured reservoirs	a petroleum reservoir rock containing tectonically induced open fractures, joints and fissures which are filled with petroleum. The petroleum filled fractures can provide essential reservoir porosity and permeability, essential permeability only, or provide a permeability enhancement alone. Such reservoirs have been created over geological time by nature, not man-made via hydraulic fracturing
prospect	a project associated with a potential accumulation that is sufficiently well defined to represent a viable drilling target
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
shale	a laminated and fissile very fine-grained sedimentary rock, consisting of compacted silt and clay-size mineral particles. Can contain high proportions of organic material, which if subjected to heat and pressure over geological time can generate petroleum (a petroleum source rock)
starch	starch is a carbohydrate of a general formula (C₆H₁₀O₅)n and is derived from corn, wheat, oats, rice, potatoes, yucca and similar plants and vegetables.

Asset	Licence	UKOG's Interest	Licence Holder	Operator	Area (km²)	Status
Avington ¹	PEDL070	5%	UKOG (GB) Limited	IGas Energy Plc	18.3	Field in stable production
Baxters Copse ²	PEDL233	50%	UKOG Weald Limited	IGas Energy Plc	89.6	Reviewing economics of appraisal/development well; licence extended to 2018
Broadford Bridge ³	PEDL234	100%	Kimmeridge Oil & Gas Limited ⁴	Kimmeridge Oil & Gas Limited ⁴	300.0	BB-1 well permitted, drilling planned in 2017
Brockham	PL235	1.81%	Angus Energy ⁶	Angus Energy ⁶	8.9	Well intervention programme ongoing
Holmwood ³	PEDL143	30%	UKOG	Europa Oil & Gas (Holdings) plc	91.8	Holmwood-1 exploration well planned in 2017
Horndean ¹	PL211	10%	UKOG (GB) Limited	IGas Energy Plc	27.3	Field in stable production
Horse Hill ⁵	PEDL137	31.2%	Horse Hill Developments Ltd ⁷	Horse Hill Developments Ltd ⁷	99.3	Submitted planning application for long term production tests and drilling of two wells
Horse Hill ⁵	PEDL246	31.2%	Horse Hill Developments Ltd ⁷	Horse Hill Developments Ltd ⁷	43.6	As above
Isle of Wight (Offshore) ³	P1916	100%	UKOG Solent Limited	UKOG Solent Limited	46.7	Preparing drilling planning submission
Isle of Wight (Onshore) ^{2, 3}	PEDL331	65%	UKOG	TBA	200.0	Preparing drilling planning submission
Lidsey	PL241	1.4%	Angus Energy ⁶	Angus Energy ⁶	5.3	Drilling of infill well being considered
Markwells Wood ²	PEDL126	100%	UKOG (GB) Limited	UKOG (GB) Limited	11.2	Submitted planning application for appraisal and field development

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