UK Oil and Gas Plc (LON:UKOG)

Energy

UK Oil & Gas PLC, previously known as UK Oil & Gas Investments PLC, is a UK-based oil and gas exploration company. It was founded in the year 2013, and its headquarters are situated in London, United Kingdom. The global energy company focuses on new geological concepts and ideas to extract oil and gas from rock formations that haven’t been explored before. The company is listed and traded on the Alternative Investment Market (AIM) of the London Stock Exchange and is a constituent of the FTSE AIM All-Share index. It complies with the UK City Code on Takeovers and Mergers.

The operational focus of the company at present is on the UK and Turkey onshore sectors, where it is trying to create a sustainable oil & gas production base that can help it expand its business and capitalise on future worldwide opportunities. Since 2013, the company has operated in the UK in an environment friendly and safe manner. The current UK onshore portfolio of the company directly or indirectly comprises of interest in six oil & gas production and exploration assets, which are all located within the Weald and Purbeck-Wight Basins of southern England. With assets covering 689 gross km², it is South England’s largest acreage holder. Its growing Turkey portfolio comprises of a 50% non-operated working interest in the 305 km² Resan licence in southeast Turkey. This includes the undeveloped Basur-Resan oil discovery and several other potential exploration prospects. Since May 2017, the company has been maintaining a high level of operational activity by conducting near continuous drilling and flow testing operations. The company is working on the hybrid geothermal projects at two of its sites in the UK and is also planning on reviewing geothermal opportunities onshore Turkey.

UK Oil & Gas PLC has a set structure of corporate governance, which aligns itself with the Quoted Companies Alliance (QCA) Corporate Governance Code. Its board has set up separate committees for audit and remuneration. It has an ethical code of conduct for running its business operations and promotes a culture of trust, transparency, and accountability. Apart from fulfilling all its corporate responsibilities, the company also fulfils its environmental and social responsibilities and complies with international best practices and guidelines to create a sustainable business.

It aims to minimize the impact of its business activities on the environment and create long-term value for the business as well as the wider community. The company strives for maintaining energy security in the UK while conserving the natural beauty of the Weald and Wessex region.

Contact Information

company address UK Oil & Gas PLC 8th Fl The Broadgate Tower, 20 Primrose Street LONDON EC2A 2EW United Kingdom GBR

company phone+44 148 394 1493

company websitehttps://www.ukogplc.com/

Similar Companies