RE: Did you ponder upon?2 Jul 2018 21:15
We only gave away 250 millions share and got £5 millions, fully funded for 18 months which will take us to production, cash balance around £20 millions now, no dilution for 18 months, only way up:
Stephen Sanderson, UKOG's Executive Chairman, commented:
"Together with the funds raised in June, the Company has now secured £10.5 million of investment during the last month, which given UKOG's current plans, mean that it has sufficient working capital for the next 18 months. UKOG is now in a robust financial position to confidently pursue its projects' ambitious exploration and appraisal programme in the Weald Basin."