RNS OUT13 Oct 2025 12:21
RNS Number : 1327D
UK Oil & Gas PLC
13 October 2025
13 October 2025
The following amendments have been made to the Unaudited results for the six-month period ended 31 March 2025 announcement released on 30 September 2025 at 18:00 under RNS No 4900B.
In the Consolidated Statement of Financial Position "Net Assets" was changed to "Net (liabilities)/ assets" and the number "898" was changed to (898). In the "Total Shareholders' Equity" line the number "898" was changed to (898).
All other details remain unchanged.
The full amended text is shown below:
UK OIL & GAS PLC
("UKOG" or the "Company)
Unaudited results for the six-month period ended 31 March 2025
UK Oil & Gas Plc (AIM: UKOG) is pleased to announce its Interim Results for the period ended 31 March 2025. A copy of the Interim Results will also be made available on the Company's website: www.ukogplc.com.
Following the publication of the 2024 Annual Report and the 2025 Interim Report today, it is expected that the suspension of trading the Company's ordinary shares will be lifted and trading will resume as soon as the annual report and 2025 interim results are available on the Company's website.
CHIEF EXECUTIVE'S STATEMENT
I am pleased to present the unaudited results of UK Oil & Gas PLC ("UKOG") for the six-month period ended 31 March 2025.
The Company is advancing its transition from a petroleum exploration company to a pioneering clean energy developer with a bold vision to deliver nationally significant salt cavern hydrogen storage projects in South Dorset and East Yorkshire. This transition is fully in line with the Government's Clean Power 2030 target. We regard our planned at scale storage projects to be key enablers to deliver the government's clean power and decarbonisation targets in the south and north-east of the UK.
Our South Dorset project remains the sole planned at scale hydrogen storage project in the southern half of the UK. It will, therefore remain key to enabling the establishment of the future hydrogen network in the south and the decarbonisation of the UK's third largest CO2e emissions cluster by providing essential buffering of supply and demand to pipelines, producers and offtakers.
UK Energy Storage Ltd ("UKEn"), our wholly owned subsidiary, is at the vanguard of this exciting and real ambition and is one of a handful of potential hydrogen storage operators liaising with the Department of Energy Security and Net Zero's Hydrogen Storage Business Model group.
In March 2025, a report by Quod, an independent planning and economics consultancy, specialising in modelling the economic impacts of major infrastructure projects, stated that our South Dorset project could contribute £2.3bn annually to the UK economy during its 30+ year operational life.
In addition, £665 million further Gross Value Added (GVA) of direct and indirect/supply chain econo
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