RNS Number : 9449O
UK Oil & Gas PLC
06 February 2023
 

Reach

UK Oil & Gas PLC

("UKOG" or the "Company")

 

PEDL234 Loxley gas discovery update

 

UK Oil & Gas PLC (London AIM: UKOG) is delighted to announce that SGN (southern England's gas distribution pipeline network operator) has confirmed that their Local Transmission System ("LTS") can accept all the potential future gas production from UKOG's 100%-owned Loxley gas discovery. SGN's capacity thus provides a clear route to the wider gas market and the monetisation of Loxley's gas.

SGN's network analysis demonstrates that the LTS can readily accept 34,500 cubic metres per hour (equivalent to 30 million cubic feet of gas per day), corresponding to Loxley's high-side forecast field production rate. A pipeline routeing study to the identified grid entry point can now commence.

 

 

For further information, please contact:

          UK Oil & Gas PLC


          Stephen Sanderson / Allen D Howard

 

Tel: 01483 941493

          WH Ireland Ltd (Nominated Adviser and Broker)


          James Joyce / Andrew de Andrade

  

Tel: 020 7220 1666

 

          Communications


          Brian Alexander

Tel: 01483 941493




 

 

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