4th Feb 2021 19:20
UK Oil & Gas PLC - oil & gas exploration and production company - Says will seeks to remove slow-walking protests from upcoming injunction regarding lawfulness of Surrey County Council granting planning consent at for long-term production at the Horse Hill oil field.
"Having considered the efficient manner in which recent slow-walks have been dealt with by local Surrey police, the company now considers it best to allow the police to continue to deal with such incidents, especially as the current Covid-19 restrictions confer additional policing powers to deal with gatherings and unnecessary travel. The company thus seeks to remove slow-walking from the injunction," company says.
UKOG adds: "The injunction is and always has been expressed to continue until trial or further order. Consequently, the High Court will be invited to maintain the status quo in that regard and continue the injunction until February 2022, the date the High Court has fixed for the final trial of the action."
It says Horse Hill remains a target for protestors who seek to prevent UKOG from "conducting its lawful business".
"The injunction helps protect the company from such unlawful actions and, crucially, does not prevent or limit peaceful protest," UKOG adds.
UKOG currently holds an 86% interest in the oil field while Alba Mineral Resources PLC, which also noted the judge's decision, holds a 12% stake. In mid-November, a legal challenge was presented by the Weald Action Group against the council's decision, claiming that it had failed to assess the indirect greenhouse gas emissions of the development arising from the eventual combustion of any produced oil.
The challenge also claimed that the council's decision did not comply with the governing EU and Town and Country Planning Act environmental impact assessment regulations
Current stock price: 0.13 pence
Year-to-date change: down 13%
By Paul McGowan; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Alba Mineral ResourcesUK Oil & Gas