IN BRIEF: UK Oil & Gas Loxley Planning Project To Be Rerun

UK Oil & Gas PLC - London-based oil & gas firm - Says Loxley Gas project is to be readdressed at ...

Alliance News 3 August, 2020 | 6:07PM
Email Form

UK Oil & Gas PLC - London-based oil & gas firm - Says Loxley Gas project is to be readdressed at a future planning committee meeting. Back in June, Surrey County Council refused to grant the company appraisal for Loxley, with the company sending a complaint letter outlining procedural and legal issues that occurred during the meeting that could have affected the decision. SCC's monitoring officer recorded over 100 similar complaints alleging procedural irregularities. UKOG expects the project to be redetermined at a planning committee meeting on September 17. Shares rose 35% on Monday on the news.

Current stock price: 0.23 pence

Year-to-date change: down 72%

By Neetika Kurup; neetikakurup@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

Email Form

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
UK Oil & Gas PLC 0.19 GBX -2.63 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies