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Share Price: 0.0325

Bid: 0.03

Ask: 0.035

Change: 0.00 (0.00%)

Spread: 0.005 (16.667%)

Open: 0.0325

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UK Oil & Gas Reduces Riverfort, YA Debt To GBP3.0 Million

Mon, 17th Feb 2020 14:21

(Alliance News) - UK Oil & Gas PLC on Monday said it received a notice from lenders Riverfort Global Opportunities PCC Ltd and YA II PN Ltd to convert GBP150,000 of a loan into shares.

UKOG said it has allotted 28.1 million shares to the lenders, reducing the loan balance to GBP3.0 million. UKOG now has 7.42 billion shares in issue.

The company's stock was trading 5.6% lower at 0.59 pence each in London on Monday afternoon.

By Eric Cunha; ericcunha@alliancenews.com

More News

27 Feb 2023 15:34

TRADING UPDATES: Ince results see further delay; Guild division launch

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

27 Feb 2023 14:23

UK Oil & Gas drills holes for Horse Hill reinjection

(Sharecast News) - UK Oil & Gas announced on Monday that, as a "necessary precursor" to its planned Horse Hill-2z Portland formation water reinjection project, it had installed three shallow groundwater monitoring boreholes at its 85.635%-owned producing oil field.

21 Feb 2023 14:29

UK Oil & Gas shares jump on Loxley gas discovery report

(Alliance News) - UK Oil & Gas PLC on Tuesday reported that RPS Energy Consultants completed its competent person's report on the company's potential economic value of the Loxley gas discovery.

21 Feb 2023 10:58

AIM WINNERS & LOSERS: Versarien will need more funds as loss widens

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

21 Feb 2023 09:08

LONDON MARKET OPEN: Stocks lower; UK government surplus beats view

(Alliance News) - Stock prices in London opened lower on Tuesday, as investors chewed on a full plate of blue-chip earnings, and looked ahead to PMI readings for the UK, Europe and US.

10 Feb 2023 10:52

IN BRIEF: UK Oil & Gas Resan license area unaffected by earthquake

UK Oil & Gas PLC - oil and gas exploration and production firm with assets focused in the south of England - Says its partner and licence operator Aladdin Middle East Resan has advised that its Resan licence area is unaffected by the earthquake in Turkey. Notes that is located "some distrance away" from the East Anatolian fault zone and the earthquake epicentre. "Nonetheless, we continue to monitor the situation and will be looking at ways of how we can offer our support," it adds.

6 Feb 2023 16:00

IN BRIEF: UK Oil & Gas sees "clear route" to monetisation for Loxley

UK Oil & Gas PLC - oil and gas exploration and production firm with assets focused in the south of England - Says the southern England's gas distribution pipeline network operator SGN has confirmed that its local transmission system can accept all the potential future gas production from its wholly-owned Loxley gas discovery in Surrey, England. The firm says a pipeline routeing study to the identified grid entry point can now begin.

1 Feb 2023 16:49

TRADING UPDATES: Atlantic ups estimate; Kefi to list in Saudi Arabia

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

1 Feb 2023 16:48

TRADING UPDATES: Atlantic ups estimate; Kefi to list in Saudi Arabia

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

26 Jan 2023 21:52

TRADING UPDATES: Proton wins order; Caerus Mineral sells assets

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

11 Jan 2023 21:08

TRADING UPDATES: Blencowe gets ok for samples; Cornish hails results

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

14 Oct 2022 13:11

High Court upholds UK Oil & Gas planning consent for Loxley

(Sharecast News) - UK Oil & Gas announced on Friday that the High Court had rejected legal challenges by Protect Dunsfold and Waverley Borough Council against the decision to grant planning permission for Loxley - a conventional gas and hydrogen feedstock project in Surrey.

14 Oct 2022 11:45

IN BRIEF: UK court upholds UK Oil & Gas's Loxley planning permission

UK Oil & Gas PLC - London-based exploration and production company focused on the UK and Turkey - Says it is "pleased" with UK High Court upholding planning permission for Loxley, its conventional gas and hydrogen feedstock project in Surrey. "Loxley planning consent therefore remains in full force and the company's plans to implement the project remain unchanged," UK Oil & Gas says.

16 Sep 2022 11:04

IN BRIEF: UK Oil & Gas finishes seismic programme in Turkey

UK Oil & Gas PLC - London-based exploration and production company focused on the UK and Turkey - Says phase 2 seismic programme over its Turkey Resan licence is complete. UK Oil & Gas has a 50% interest in the Resan licence. The programme, consisting of four new 2D seismic lines over the possible updip western extent of the Basur-1 oil discovery and Prospect B to the south, was delivered "ahead of schedule and under budget", the company says. UK Oil & Gas will now analyse the data before focusing on delivery of a new Basur appraisal well. Well is now anticipated to add near-term oil production in the first half of 2023. Turkey's petroleum law enables a successful oil well to be put into full time production within days to weeks of a successful test, company notes.

16 Sep 2022 08:00

UKOG completes second phase seismic programme in Turkey

(Sharecast News) - UK Oil & Gas announced on Friday that the acquisition of the second-phase seismic programme over its Turkey Resan licence, where it has a 50% interest, was now successfully complete, with the field crew demobilised.

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UK Oil & Gas Reduces Riverfort, YA Debt To GBP3.0 Million

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