RE: Just letters of support....3 Aug 2024 09:47
Zak Mir comment from Yesterday. Just says what many are thinking.....why did the SP suddenly spike. Read the comment at the end.
UK Oil & Gas (UKOG) announced that its strategic Dorset and Yorkshire underground hydrogen storage projects have received a further key letter of support from RWE, a leading global energy company and one of the largest renewable and conventional UK electricity generators, supplying around 15% of UK power demand. RWE is also a major player in the UK green hydrogen space, a sector with key synergies to UKEn’s storage projects.
Comment: UKOG provides some decent backing for the recent rather unexpected share price spike, perhaps just when many in the market had effectively written the company off.