Actualización del proyecto de gas Loxley
PLC de petróleo y gas del Reino Unido
("UKOG" o la "Compañía")
Actualización del proyecto de gas Loxley
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that following the Court of Appeal's 9th January 2024 ruling refusing any further appeals against Loxley's lawful planning consent (RNS of 10 January 2024), the North Sea Transition Authority has now granted a one-year extension to the PEDL234 licence's Retention Area Work Programme in which the Loxley gas discovery is contained.
In order to retain the full 300 km² licence area without any future partial relinquishment, the Company must now commence drilling the Loxley-1 appraisal borehole no later than 30 June 2025. Loxley-1 is designed to confirm the commercial viability of the Company's material 100%-owned Loxley gas discovery and its related hydrogen feedstock project.
Loxley's current Competent Persons Report ("CPR") (see: RNS 21 February 2023) assessed that Loxley, one of the UK onshore's largest historic gas discoveries, contains a mid-case 2C Contingent Resources recoverable volume of 31.0 billion cubic feet net to UKOG. The CPR's associated post-tax 2C case present value (at 10% discount rate) was assessed at £124 million net to UKOG using end December 2022 gas prices and £87 million net to UKOG using an RPS Energy forward price forecast. The CPR is available on the Company's website www.ukogplc.com .
The Loxley CPR's recoverable volumes stated as Contingent Resources (as defined in the glossary below) should not be construed as Reserves (also defined below). Further successful development of the asset would be required to seek to move the CPR classification to Reserves.
Para más información, por favor póngase en contacto con:
Petróleo y gas del Reino Unido plc
Stephen Sanderson / Guzyal Mukhametzhanova Tel: 01483 941493
WH Ireland Ltd (asesor designado y Broker)
James Joyce / James Bavister / Andrew de Andrade Tel: 020 7220 1666
Comunicaciónes
brian alexander Tel: 01483 941493
Glosario de términos
2C | the mid-case or average estimate of Contingent Resources. There is estimated to be a 50% probability that the quantities actually recovered could equal or exceed this estimate. |
RCP | Competent Person's Report, a Petroleum Resources report prepared by an independent Competent Person(s), providing an estimated range of remaining recoverable resources and their potential monetary valuation in accordance with the relevant reporting standard (in this case the 2018 Society of Petroleum Engineers' PRMS). The RPS CPR was not prepared under the AIM rules for oil & gas companies. |
Contingente Recursos | 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 categorised in accordance with the level of certainty associated with the estimates and may be sub-classified based on project maturity and/or characterised by their economic status. |
descubrimiento | a petroleum accumulation (gas in Loxley's case) 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. |
PRM | Petroleum Resources Management System created by the Society of Petroleum Engineers. A global standard of petroleum reserve and resource classification together with guidelines and accepted methodologies for the definition and estimation of petroleum resources and their monetary valuation. |
Reservas | aquellas cantidades de petróleo que se anticipa que serán recuperables comercialmente mediante la aplicación de proyectos de desarrollo a acumulaciones conocidas a partir de una fecha dada en adelante bajo condiciones definidas. Las reservas deben satisfacer cuatro criterios: descubiertas, recuperables, comerciales y remanentes (a la fecha de entrada en vigencia de la evaluación) con base en los proyectos de desarrollo aplicados. Las reservas se clasifican además de acuerdo con el nivel de certeza asociado con las estimaciones y pueden subclasificarse en función de la madurez del proyecto y/o caracterizarse por el estado de desarrollo y producción. |
La Compañía considera que la información contenida en este anuncio constituye información privilegiada según el Reglamento de Abuso de Mercado (UE) N.º 596/2014, ya que forma parte de la legislación nacional del Reino Unido en virtud de la Ley (Retiro) de la Unión Europea de 2018. publicación de este anuncio, esta información ahora se considera de dominio público.
RNS puede usar su dirección IP para confirmar el cumplimiento de los términos y condiciones, para analizar cómo interactúa con la información contenida en esta comunicación y para compartir dicho análisis de forma anónima con otros como parte de nuestros servicios comerciales. Para obtener más información sobre cómo RNS y la Bolsa de Valores de Londres utilizan los datos personales que nos proporciona, consulte nuestra Política de privacidad.