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
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Uk Oil & Gas (UKOG)