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UK Oil & Gas Investments PLC ("UKOG" or the "Company")  Offshore Isle of Wight Licence Extension  UK Oil & Gas Investments PLC (London AIM: UKOG) is pleased to announce that the Offshore Isle of Wight licence (P1916, UKOG 77.5% and operator) has been extended for a further year by the Oil & Gas Authority ("OGA", formerly the Department of Energy and Climate Change). The P1916 initial period of the exploration stage has been extended to 31 January 2017. The extension provides the Company with the necessary time to finalise drilling plans, and obtain regulatory permissions in order to drill the M prospect, located primarily in P1916, during the licence's initial period for exploration.
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