UK Oil & Gas Granted Two-Year Planning Extension for Oil Discovery

UK Oil & Gas Granted Two-Year Planning Extension for Oil Discovery

UK Oil & Gas PLC said Friday that West Sussex County Council has approved a two-year planning permission extension to its Broadford Bridge-1z Kimmeridge oil discovery in the United Kingdom.

The AIM-listed company said the planning extension for the site, located in license PEDL234, runs until March 31, 2024.

Shares in UK Oil & Gas at 0739 GMT were up 0.01 pence, or 6.25%, at 0.13 pence.

Published: 20-05-2022