Environment Agency Grants Permit - Loxley Portland

UK Oil & Gas PLC

("UKOG" or the "Company")

Environment Agency Grants Permit for Loxley Portland Gas Appraisal Project

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that the Environment Agency ("EA") has issued UKOG with the necessary permit to drill and test the proposed Loxley-1 Portland gas appraisal well. The permit covers all environmental aspects of the proposed scheme of works including a Loxley-1z sidetrack well.

Planning consent for the Loxley-1 well, the next key regulatory permission required to progress the Loxley project, is scheduled to be decided by Surrey County Council on Monday 29th June.

About Loxley

The Loxley-1 project, located within licence PEDL234 (UKOG 100%), plans to appraise the significant Portland gas accumulation originally discovered and flow tested 8 km to the west by Conoco's 1982 Godley Bridge-1 well.

Stephen Sanderson, UKOG's Chief Executive, commented:

"The grant of this key permit demonstrates that UKOG's proposed scheme of works and practices meets the EA's stringent environmental safeguarding standards."

Qualified Person's Statement

Matt Cartwright, UKOG's Commercial Director, who has 37 years of relevant experience in the global oil industry, has approved the information contained in this announcement. Mr Cartwright is a Chartered Engineer and member of the Society of Petroleum Engineers.

For further information, please contact:

UKOG Licence Interests

The Company has interests in the following UK licences:

Notes:

1.  Oil field currently in stable production.

2.  Oil discovery pending development and/or appraisal drilling.

3.  Exploration asset with drillable prospects and leads.

4.  Contains the Broadford Bridge-1/1z Kimmeridge oil discovery, the eastern extension of the Godley Bridge Portland gas discovery, plus further undrilled Kimmeridge exploration prospects.

5.  Portland and Kimmeridge oil field with productive and commercially viable zones, HH-1 in stable oil production, HH-2z EWT ongoing, production planning consent granted in September 2019, long term Production consent granted March 2020.

6.   UKOG has a direct 77.9% interest in HHDL, which has a 65% interest in PEDL137 and PEDL246.

7.   OGA consent received for the transfer of operatorship from Europa to UKOG

8.  Gas discovery pending appraisal drilling and development with underlying Kimmeridge potential

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014