21st Jun 2023 13:57
UK Oil & Gas PLC - UK-focussed oil and gas exploration company - Alongside UK government and Surrey County council, will defend a Supreme Court hearing to draw line under long-standing legal action against Horse Hill planning consent. Local resident tried to reverse planning permission that had been granted. UK Oil & Gas says final verdict is likely to be heard in late summer or early autumn. The company says that planning consent remains in force and lawful production continues at the Horse Hill site, in which the company holds an 86% interest.
"As five judges and the Court of Appeal have previously dismissed Finch et al's case, the Company and its legal counsel remain convinced that planning consent was granted entirely lawfully, and will, therefore, strongly contest this final action against its interests," UK Oil & Gas PLC said.
Current trading share: down 0.9% at 0.058 pence in London on Wednesday
12-month change: down 52%
By Will Neill, Alliance News reporter
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