1、UK Oil and Gas PLCAnnual Report 30 September 2022Strategic ReportOur Business 2Strategic Objectives 4Performance Indicators 5Chief Executives Statement 6 Chairmans Statement 10Health,Safety and the Environment 12 Reserves and Resources 14Operational Review 15 Financial Review 18Principal Risks and U
2、ncertainties 20Corporate GovernanceDirectors Section 172 Statement 22Corporate Governance 23Directors Remuneration Report 28Report of the Independent Auditor to the Members of UK Oil and Gas PLC 33Financial Statements Consolidated Statement of Comprehensive Income 38Consolidated Statement of Financi
3、al Position 39Company Statement of Financial Position 40Consolidated Statement of Changes in Equity 41Company Statement of Changes in Equity 42Consolidated Statement of Cash Flow 43Company Statement of Cash Flow 44Notes to the Financial Statements 45UKOG aims to build a sustainable oil and gas produ
4、ction base that can act as a springboard to further worldwide opportunities and to build its UK gas storage and hydrogen energy business in the transition to net zero.Welcome to UK Oil&Gas PLCEnergy for Britain1Operational Highlights.1UK Oil&Gas PLC Annual Report 2022 Energy for BritainUK-Loxley(100
5、%interest):One of the UKs largest onshore gas discoveries,possesses material estimated present value of up to 123.7 million net to UKOG from an estimated 31.0 billion cubic feet 2C Contingent Resource within UKOGs 100%-owned PEDL234 licence.(Pages 6,15)Turkey-Pinarova(50%interest):Located beneath an
6、 active light oil seep,Pinarovas potential success case volumes and modest drilling costs make it a highly attractive short-fuse project.(Pages 6,16)UK-Horse Hill(85.635%operated interest):The oil field has continued to produce steadily over the year.Our focus has been on reducing operating costs to