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UKOG cleared to complete full well test programme

Well testing operations are now underway and extensions to planning and permits mean UKOG can complete a full fourteen-week programme
oil and gas operations
Planning permission has been extended for an additional year.

UK Oil & Gas Investments PLC (LON:UKOG) told investors that the West Sussex County Council has approved a one-year extension to its existing planning permission for the Broadford Bridge project.

The company, in a stock market statement, said that the extension would allow it to complete the originally planned and permitted programme, including a full fourteen week flow testing programme. The extension moves the expiry to September 2018.

Additionally, UK regulator The Oil and Gas Authority has extended its approval to December.

UKOG said well testing operations are now underway.

The programme is specifically designed to gather supportive evidence that the Kimmeridge contains mobile light oil within an extensive continuous oil deposit that can flow to surface at commercial rates and in commercial volumes, UKOG added.

READ: UKOG sees another “intensely fractured” oil zone in Broadford Bridge well


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