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

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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

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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8 Oct 2019 11:49

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

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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

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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

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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

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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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7 Aug 2019 11:48

UK Oil & Gas Lifts Horse Hill Stake To 86% With GBP12 Million Purchase

(Alliance News) - UK Oil & Gas PLC said Wednesday it acquired a further 35% stake in its flagship Horse Hill oil discovery in the Weald Basin for GBP12 million, taking its interest to agreed a

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28 Jun 2019 11:18

UK Oil & Gas Focused On Horse Hill Field After Positive First Half

(Alliance News) - UK Oil & Gas PLC reported a narrowed interim loss on Friday in a period "dominated" by the continued successful performance of the flagship Horse Hill oil field in

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3 Jun 2019 10:50

UK Oil & Gas Doubles Stake In PEDL143 Licence Via GBP412,500 Deals

LONDON (Alliance News) - UK Oil & Gas PLC on Monday almost doubled its stake in the "highly prospective" PEDL143 exploration licence, after completing acquisitions of the interests a

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3 Jun 2019 08:28

UK Oil & Gas acquires majority interest in PEDL 143 licence

(Sharecast News) - UK Oil & Gas has acquired a further 20% interest in UK onshore licence PEDL 143 from Ireland-focussed exploration, development and production company Europa Oil & Gas.

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17 May 2019 11:25

Alba Mineral And UK Oil & Gas Say Portland Testing Beat Expectations

LONDON (Alliance News) - Alba Mineral Resources PLC and UK Oil & Gas PLC said the aggregate total oil production from the portland sandstone oil discovery at Horse Hill is now more than 20,500

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17 May 2019 10:30

UK Oil & Gas upbeat on latest testing at Horse Hill

(Sharecast News) - UK Oil & Gas announced on Friday that, following a successful week-long pressure build-up test (PBU), the aggregate total Portland oil production at the Horse Hill oil field now exceeded 20,500 barrels.

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16 Apr 2019 12:48

UK Oil & Gas Builds Majority Interest In PEDL143 Oil Licence (ALLISS)

LONDON (Alliance News) - UK Oil & Gas PLC said Tuesday it had built a majority interest in the PEDL143 Holmwood oil field licence by adding to its stake in the onshore Surrey site.UK a

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16 Apr 2019 08:38

Europa sells PEDL 143 interest to UK Oil & Gas

(Sharecast News) - UK and Ireland-focussed exploration, development and production company Europa Oil & Gas has conditionally agreed to sell its 20% interest in UK onshore licence PEDL 143 to UK Oil & Gas for a total consideration of £0.3m, it announced on Tuesday.

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11 Apr 2019 11:28

UK Oil & Gas Pleased With Performance Of Portland Oil Reservoir

LONDON (Alliance News) - UK Oil & Gas PLC on Thursday said dry oil production from the Horse Hill oil field in Sussex, England, has been stable, passing the 15,000 barrel landmark.UKOG,

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4 Apr 2019 16:03

UK Shareholder Meetings Calendar - Next 7 Days

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