RE: News21 Feb 2023 07:53
So many more raises to go before any gas is produced which by the CEO's admission is 2026. Wonder how many shares will be in place by the
Loxley's illustrated potential commercial robustness also means that UKOG can now plan to fund a future development via normal conventional oil and gas debt funding. The option of a farmout, where UKOG's costs are carried by a new partner, remains a further viable funding option. Our focus will, therefore, now be on implementing the necessary steps to deliver the planned Loxley-1 appraisal programme during 2024 and, if successful, gas production and sales targeted from 2026.