UK Oil & Gas Investments PLC Admission Application Announcement (4605F)
November 12 2015 - 2:13AM
UK Regulatory
TIDMUKOG
RNS Number : 4605F
UK Oil & Gas Investments PLC
12 November 2015
12 November 2015
UK Oil & Gas Investments plc
("UKOG" or the "Company")
Admission Application Announcement
The Company announces that, with effect from 8:00 a.m. today,
the Company's ordinary shares will commence trading on the ISDX
Growth Market under the ticker UKOG.
For the avoidance of doubt, the Company will remain admitted to
trading on AIM following admission to ISDX.
Ends
For further information please contact:
UK Oil & Gas Investments PLC
Stephen Sanderson / Jason Berry Tel: 020 7440 0640
WH Ireland (Nominated Adviser and Broker)
James Joyce / Mark Leonard Tel: 020 7220 1666
Square 1 Consulting (Public Relations)
David Bick / Mark Longson Tel: 020 7929 5599
The following information is provided pursuant to the ISDX
Growth Market Rules for Issuers:
Company Information
UKOG is an investment company which is admitted to trading on
AIM. The Company's investing policy is to invest in and/or acquire
companies and/or projects within the natural resources sector with
potential for growth. The Company will also consider opportunities
in other sectors as they arise if the Board considers there is an
opportunity to generate potential value for Shareholders. The
geographical focus will primarily be in regions in the world that
the Board considers valuable opportunities exist and potential
returns can be achieved.
The Company has interests in the following UK licences:
Asset Licence UKOG's Licence Operator Area Status
Interest Holder (km(2)
)
--------- ---------- -------------- -------------- --------- --------------
Field in
Avington UKOG (GB) IGas Energy stable
(1) PEDL070 5% Limited Plc 18.3 production.
------------ --------- ---------- -------------- -------------- --------- --------------
Reviewing
economics
Baxters of appraisal/
Copse UKOG Weald IGas Energy development
(2) PEDL233 50% Limited Plc 89.6 well.
------------ --------- ---------- -------------- -------------- --------- --------------
Drilling
Angus Angus of sidetrack
Brockham Energy Energy well being
(1) PL234 3.6% (5) (5) 8.9 considered.
------------ --------- ---------- -------------- -------------- --------- --------------
Europa Awaiting
Oil & OGA consent
Gas to farm-in,
Holmwood (Holdings) exploration
(3) PEDL143 20% UKOG plc 91.8 well planned.
------------ --------- ---------- -------------- -------------- --------- --------------
Field in
Horndean UKOG (GB) IGas Energy stable
(1) PL211 10% Limited Plc 27.3 production.
------------ --------- ---------- -------------- -------------- --------- --------------
Flow testing
of HH-1
Horse Horse planned,
Hill Hill awaiting
Horse Developments Developments regulatory
Hill (4) PEDL137 20.163% Ltd (6) Ltd (6) 99.3 approvals.
--------- --------------
Flow testing
of HH-1
Horse Horse planned,
Hill Hill awaiting
Horse Developments Developments regulatory
Hill (4) PEDL246 20.163% Ltd (6) Ltd (6) 43.6 approvals.
------------ --------- ---------- -------------- -------------- --------- --------------
Awaiting
Isle of 14th Round,
Wight UKOG adjacent
(Offshore) UKOG Solent UKOG Solent onshore
(3) P1916 77.5% Limited Limited 46.7 acreage.
------------
Isle of 14th TBA TBA TBA 200.0 Subject to
Wight Round 14th Round
(Onshore) awards.
(3)
------------ --------- ---------- -------------- -------------- --------- --------------
Drilling
Angus Angus of infill
Lidsey Energy Energy well being
(1) PL241 4.2% (5) (5) 5.3 considered.
------------ --------- ---------- -------------- -------------- --------- --------------
Compiling
Field
Markwells UKOG (GB) UKOG (GB) Development
Wood (2) PEDL126 100% Limited Limited 11.2 Plan.
------------ --------- ---------- -------------- -------------- --------- --------------
Notes:
1. Oil field currently in production.
2. Oil discovery pending development
and/or appraisal drilling.
3. Exploration asset with drillable
prospects and leads.
4. Oil discovery
pending flow testing.
5. UKOG has a 6% interest in Angus
Energy. Angus Energy has a 70%
interest in Lidsey and a 60% interest
in Brockham.
6. UKOG has a direct 30% interest in HHDL,
plus an indirect 1.32% interest via Angus
Energy. HHDL has a 65% interest in PEDL137
and PEDL246.
Details of Directors
The full names of the Directors of the Company and positions are
as follows:
Stephen Sanderson, Executive Chairman and CEO
Stephen Sanderson joined UK Oil & Gas Investments PLC in
September 2014 and was appointed Executive Chairman and Chief
Executive in July 2015. A highly-experienced petroleum geologist,
oil industry veteran and upstream energy business leader, with over
30 years operating experience, Stephen is a proven oil finder and
has been instrumental in the discovery of more than 10 commercial
conventional fields, including the giant Norwegian Smorbuk-Midgaard
field complex. He is a graduate and Associate of the Royal School
of Mines, Imperial College, London, a Fellow of the Geological
Society of London and a member of the American Association of
Petroleum Geologists. He served for four years in the British Army
and TAVR as a platoon commander, serving in the UK and Berlin.
Kiran Morzaria, Finance Director
Mr. Morzaria holds a Bachelor of Engineering (Industrial
Geology) from the Camborne School of Mines and an MBA (Finance)
from CASS Business School. He has extensive experience in the
mineral resource industry working in both operational and
management roles. Mr. Morzaria spent the first four years of his
career in exploration, mining and civil engineering. He then
obtained his MBA and became the Finance Director of Vatukoula Gold
Mines and was part of the team that acquired and re-commissioned
operations. He has served as a director of a number of public
companies in both an executive and non-executive capacity, he is a
non-executive director of Bacanora Minerals Ltd and the Chief
Executive Officer of Rare Earth Minerals Plc.
Jason Berry, Executive Director
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