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Share Price: 0.0255

Bid: 0.024

Ask: 0.027

Change: 0.0005 (2.00%)

Spread: 0.003 (12.50%)

Open: 0.025

High: 0.0255

Low: 0.025

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

Fri, 08th Dec 2023 18:36

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.

Current stock price: 0.025 pence, down 7.4%

12-month change: down 58%

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More News

29 Nov 2019 19:10

UK Oil & Gas Lenders Convert GBP150,000 Of Loan Into Shares

27 Nov 2019 14:55

UK Oil & Gas Prepares Extended Well Testing At Second Horse Hill Well

22 Nov 2019 18:26

UK Oil & Gas Issues 16.0 Million Shares Following Loan Conversion

12 Nov 2019 11:22

Alba, UK Oil & Gas Report Completion Of HH-2z Horizontal Drilling

7 Nov 2019 18:23

UK Oil & Gas Issues 15.2 Million Shares For Loan Note Conversion

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UK Oil & Gas Progresses Drilling At Horse Hill-2z Portland Well

22 Oct 2019 15:25

UK Oil & Gas And Alba Mineral Note Horse Hill-2z Horizontal Drilling

15 Oct 2019 11:49

UK Oil & Gas And Alba Mineral Welcome Horse Hill Coring Results

11 Oct 2019 11:22

UK Oil & Gas Ups Horse Hill Coring Programme Seeking More Oil Volumes

9 Oct 2019 10:42

UK Oil & Gas Successfully Carries Out Testing, Drilling At Horse Hill

8 Oct 2019 11:49

UK Oil & Gas And Alba Mineral Horse Hill-2 Well Project On Schedule

12 Sep 2019 11:33

UK Oil & Gas Waiting For Rig Following Preparation Work At Horse Hill

(Alliance News) - UK Oil & Gas PLC has finished site work ahead of the drilling of a new well at Horse Hill, it said on Thursday, just a day after planning permission was received.Work

11 Sep 2019 13:01

UK Oil & Gas Gets 25-Year Horse Hill Planning After Taking Control

(Alliance News) - UK Oil & Gas PLC has taken a controlling stake in the Horse Hill development in Sussex following a GBP12 million deal.UKOG has purchased Magellan Petroleum UK Holdings

20 Aug 2019 10:57

UK Oil & Gas Gets Licence Extensions On Southern England Assets

(Alliance News) - UK Oil & Gas PLC on Tuesday announced two new licence extensions, including the PEDL143 licence in which some other London-listed firms are interested.PEDL143, which a

12 Aug 2019 12:18

RiverFort To Invest GBP700,000 In UK Oil & Gas For Magellan Purchase

(Alliance News) - RiverFort Global Opportunities PLC on Monday said it will participate in the GBP5.5 million loan agreement announced by UK Oil & Gas PLC.On Wednesday last week, UK Oil

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

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