UK Oil & Gas bailout placing but its still going to have to place again well before Christmas By TOM WINNIFRITH10 Jul 2024 20:08
£500,000 gross (let’s call it £460,000 net) raised at just 0.015p. How the mighty are fallen. Do you remember the shares trading at 10p+ at peak Horse Hill ramp. But shareholders should be aware that even with this placing, UK Oil & Gas (UKOG) will be technically insolvent within a few months.