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

(MORE TO FOLLOW) Dow Jones Newswires

November 12, 2015 02:13 ET (07:13 GMT)

Sarantel (LSE:SLG)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024 Sarantel 차트를 더 보려면 여기를 클릭.
Sarantel (LSE:SLG)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024 Sarantel 차트를 더 보려면 여기를 클릭.