Assets
UKOG previously focused primarily on oil and gas assets located in the Weald Basin in southern England. However, in 2021 UKOG entered into an agreement with operator Aladdin Middle East Ltd to acquire a 50% interest in the 305 km² Resan Licence in the Republic of Turkey.
Then in May 2022, the Company’s wholly-owned subsidiary, UK Energy Storage Ltd (“UKEn”), signed an Agreement for Lease with Portland Port Limited covering two sites at the former Royal Navy port in Dorset, with the intent to develop, subject to new planning consent and securing necessary development finance, a planned integrated energy hub, centred around hydrogen-ready gas storage and a future green hydrogen generation capability.
Here is a list of our current assets:
Avington (PEDL070)
Field is currently shut in but planned for production reinstatement.
UKOG holds a 5% interest.
Horndean (PL211)
Field is in stable production.
UKOG has a 10% interest.
Horse Hill (PEDL137/PEDL246)
Field is in stable production.
UKOG holds a direct 35% interest in the Horse Hill licences, and an indirect interest via its 77.9% ownership interest in HHDL, which holds the remaining 65% interest.
Loxley (PEDL234)
Loxley/Godley Bridge gas discovery, plus Broadford Bridge-1/1z oil discovery.
Resan Turkey (M-47-b1, b2)
Appraisal of Basur-Resan oil discovery, plus further exploration prospects. UKOG has a 50% interest, with operator Aladdin Middle East Ltd having the other 50%.
Dorset
UKOG, through its subsidiary UKEn, has entered into an Agreement for Lease with Portland Port Ltd to develop an energy hub centred around a 1 billion cubic metre hydrogen-ready salt cavern gas storage facility. An additional site has now been secured in Dorset.
