UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that it has fully repaid the balance of the convertible loan facility with RiverFort Global Opportunities PCC Limited and YA II PN Ltd and, as a result, the Company is now debt free.
Geolog undertaking mudlogging and testing whilst drilling to monitor helium gas shows, with above background indications of helium and hydrogen already observed whilst drilling out the 9β " shoe and re-entering the original wellbore, chance are this a find, we need to know how big
But clearly, that have started drilling now, if the results are good , then yes it will take longer to extract , but once we know the find and confirmed , extracting wonβt be problem and people will be willing to wait