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Pin to quick picksUk Oil & Gas Share News (UKOG)

Share Price Information for Uk Oil & Gas (UKOG)

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AIM WINNERS & LOSERS: Getech falls on revenue warning; Arkle rises

Fri, 15th Dec 2023 10:49

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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AIM - WINNERS

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UK Oil & Gas PLC, up 17% at 0.027 pence, 12-month range 0.020p-0.13p. The exploration and production company says that all required explosives permits for the deployment of the new seven-inch perforating guns have now finally been secured. The equipment is thus fully ready to be transported to site. UK Oil & Gas says it is now liaising with the operator AME to schedule a firm date for the resumption of testing operations.

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Arkle Resources PLC, up 8.6% to 0.38p, 12-month range 0.24p-0.75p. The exploration company says it has been awarded two exploration licences in the Makgadikgadi salt pans in north-eastern Botswana. licences PL 075/2023 and PL 0148/2023 were awarded to prospect for lithium in the salt pans. The licences cover 312 and 525 square kilometres respectively in size. "We now have three lithium exploration projects, one in Ireland, one in Zimbabwe, both hard rock, and now in Botswana which is a lithium brines project," says Chair John Teeling. "Initial work will focus on analysis of the very limited exploration data, followed by prospecting to identify targets for drilling."

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AIM - LOSERS

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Getech Group PLC, down 27% at 5.30p, 12-month range 5.02p-18.10p. The geo-energy and green hydrogen company says its client base, 85% of which is based outside of the UK, has been showing a "growing level of caution" due to economic and geopolitical instability. Getech says this has pushed a number of projects initially expected to begin before the end of 2023 into 2024. As a result, Getech has warned that sales for the full year are not expected to surpass GBP4.4 million, down 14% from GBP5.1 million in 2022.

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XLMedia PLC, down 14% at 6.34p, 12-month range 5.86p-24.75p. Shares in the London-based global digital media company fall, after announcing that revenue for 2023 would fall shy of previous years. It says that a "change in the revenue profile" of its north-American activities had been caused by, among other things, the exit of XLMedia's major partner Barstool from the market. The group's revenue for the full year is now expected in the range of USD50.0 to USD52.0 million, down from USD71.8 million in 2022. The group also predicted adjusted earnings before interest, tax, depreciation and amortisation of USD12 million to USD14 million, down from USD17.8 million in 2022.

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By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 Jan 2024 09:42

UK Oil & Gas sinks after GBP750,000 fundraise via discounted placing

(Alliance News) - UK Oil & Gas PLC on Friday said that the placing was necessitated by the UK government's accelerated hydrogen storage schedule.

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11 Jan 2024 15:21

IN BRIEF: UK Oil & Gas notes Pinarova-1 progress in Turkey

UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Operator of Pinarova-1 in Turkey, AME, advises that perforating operations should commence towards the end of next week or by the following Monday. Announcement follows the successful completion of repair and strengthening of the access track and well pad during recent good weather.

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9 Jan 2024 14:27

IN BRIEF: UK Oil & Gas celebrates as court gives Loxley final consent

UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Says UK Court of Appeal has refused permission for any further appeal against the grant of planning consent for UKOG's Loxley conventional gas and hydrogen feedstock project in Surrey. Court's decision is final and cannot be appealed or reviewed, so planning permission will now remain in full force and effect. Order upholds the High Court's in late July which likewise refused permission to appeal. Loxley forms part of UKOG's move into hydrogen, alongside its Portland storage project in Dorset, and will supply gas as feedstock for reformation into clean burning hydrogen.

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3 Jan 2024 13:32

UK Oil & Gas jumps as recommences operations at Pinarova-1

(Alliance News) - UK Oil & Gas PLC on Wednesday said that it has re-commenced operations at Pinarova-1, with site access and well pad strengthening and repair.

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15 Dec 2023 16:58

TRADING UPDATES: 88 Energy expands Texas footprint with acquisitions

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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15 Dec 2023 11:36

UK Oil & Gas gets explosives permits for Pinarova well

(Sharecast News) - UK Oil & Gas has obtained all the necessary explosives permits to deploy new seven-inch perforating guns, it announced on Friday, designed to penetrate the nine-and-five-eighths-inch casing of the Pinarova well fully.

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12 Dec 2023 12:14

IN BRIEF: UK Oil & Gas gets extension for Horse Hill oil field work

UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Says the UK North Sea Transition Authority has granted a one-year extension to the PEDL137 retention area work programme at its Horse Hill oil field in southern England until September 30, 2025. Adds that work programme now fully corresponds to the farm-in programme agreed with Pennpetro Energy PLC announced on Monday.

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11 Dec 2023 11:38

Pennpetro and UK Oil & Gas agreed extension of Horse Hill farm-in deal

(Alliance News) - Pennpetro Energy PLC and UK Oil & Gas PLC on Monday said they have agreed to extend their conditional agreement for Pennpetro to farm-in to the Horse Hill oil field in southern England.

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8 Dec 2023 18:36

IN BRIEF: UK Oil & Gas receives payment from Horse Hill Developments

UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Says that the "continued profitability" of the Horse Hill oil field has allowed the operator, Horse Hill Developments Ltd, to make a payment of GBP675,000 to UK Oil & Gas. Explains that this represents a partial repayment of certain historic shareholder loans. UK Oil & Gas holds an effective 86% interest in the field and surrounding PEDL137 licence, and a 78% direct shareholding in HHDL.

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8 Dec 2023 16:25

UK Oil gets £0.68m payment from Horse Hill Developments

(Sharecast News) - UK Oil & Gas reported a positive financial development related to the Horse Hill oil field on Friday.

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21 Nov 2023 14:39

TRADING UPDATES: Poolbeg hails approval; EDX links with Thermo Fisher

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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3 Nov 2023 13:01

IN BRIEF: UK Oil & Gas gives first, second share tranches to investors

UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Says that as part of a GBP3 million funding facility, it has delivered the first and second tranches of ordinary shares to RiverFort Global Opportunities PCC Ltd and YA II PN Ltd, in relation to the first cash sum received of GBP2 million gross. Adds that these shares can be converted at the investors' discretion to repay the loan, the balance of which now stands at GBP1.4 million. Any equity shares unsold at the end of the loan term or on early repayment will be sold by the investors and the net proceeds repaid to the company.

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13 Oct 2023 14:59

UK Oil & Gas says testing to resume at Pinarova-1

(Sharecast News) - UK Oil & Gas updated the market on testing operations at the Pinarova-1 well on Friday, with testing set to resume in around four weeks.

Read more
13 Oct 2023 14:00

IN BRIEF: UK Oil & Gas notes resumption of testing at Pinarova-1

UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Pinarova-1 well operator, Aladdin Middle East, says that the resumption of testing operations within the Germik/Hoya sequence, is expected in around four weeks. Says testing will cover the section where strong oil odours were recorded over a 12-hour period during drilling.

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