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Pin to quick picksUk Oil & Gas Regulatory News (UKOG)

Share Price Information for Uk Oil & Gas (UKOG)

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Acquisition of Further Interest in PEDL143

3 Jun 2019 07:00

RNS Number : 8460A
UK Oil & Gas PLC
03 June 2019
 

UK Oil & Gas PLC

("UKOG" or the "Company")

 

Completion of Acquisition of Further Interest in PEDL143 Exploration Licence

 

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that it has completed the previously announced acquisition of the interests of both Europa Oil & Gas Limited ("Europa") and Union Jack Oil plc ("Union Jack") in the highly prospective PEDL143 exploration licence. This acquisition of their respective interests of 20% and 7.5% interests means UKOG now holds a majority operated 67.5% interest in the Licence.

 

Transaction Summary

 

The total considerations of £300,000 and £112,500 to Europa and Union Jack, respectively, will be satisfied through the issue of an aggregate total of 35,683,391 new ordinary shares in UKOG ("Consideration Shares"), with 25,951,557 and 9,731,834 Consideration Shares issued to Europa and Union Jack respectively, as outlined in the announcement of 16 April 2019.

 

An application has been made for the Consideration Shares to be admitted to trading on AIM, which are anticipated to be available for trading on or around 7 June 2019 ("Admission").

 

Following Admission, the Company's enlarged issued share capital will comprise 6,083,289,907 ordinary shares. The Company holds no shares in treasury. The enlarged ordinary share capital figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

 

For further information, please contact:

 

UKOG

Stephen Sanderson / Kiran Morzaria Tel: 01483 900582

 

WH Ireland (Nominated Adviser and Broker)

James Joyce / James Sinclair-Ford Tel: 020 7220 1666

 

Cenkos Securities PLC (Joint Broker)

Joe Nally / Neil McDonald Tel: 0207 397 8919

 

Novum Securities (Joint Broker)

John Bellis Tel: 020 7399 9400

 

Public Relations

Brian Alexander / David Bick Tel: 01483 900582

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
ACQUGUMAQUPBGAP
Date   Source Headline
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29th Mar 201811:04 amRNSFinal Results for the Year Ended 30 September 2017
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10th Jan 20184:52 pmRNSDelisting from NEX Exchange
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19th Dec 20177:00 amRNSOperational Update - Horse Hill-1
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11th Dec 20175:17 pmRNSLoan Conversion
6th Dec 20177:00 amRNSLoan Conversion & Completion of Acquisition
24th Nov 20174:13 pmRNSLoan Conversion
20th Nov 20173:22 pmRNSLoan Conversion
15th Nov 20177:00 amRNS£10M Financing and BB-1z Optimised Flow Testing
9th Nov 201711:51 amRNSExercise of Options
20th Oct 201711:58 amRNSHoldings in Company
19th Oct 20179:25 amRNSHolding(s) in Company
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18th Oct 20173:45 pmRNSHorse Hill - Planning Permission Granted
16th Oct 20173:11 pmRNSOperational Update
12th Oct 201712:13 pmRNSHolding(s) in Company
10th Oct 20175:18 pmRNSOperational Update
25th Sep 201712:05 pmRNSAcquisition of further interest in PEDL143
25th Sep 201710:35 amRNSHolding(s) in Company - Correction
25th Sep 201710:13 amRNSHolding(s) in Company
13th Sep 20177:00 amRNSUpdate - Broadford Bridge-1
11th Sep 20171:50 pmRNSExercise of Options
8th Sep 20177:00 amRNSUpdate - Horse Hill
6th Sep 20173:47 pmRNSOperational Update
24th Aug 20177:00 amRNSAcquisition of Further Interest in Horse Hill-1
10th Aug 20171:00 pmRNSOperational Update
31st Jul 20176:05 pmRNSOperational Update and Warrant Exercise
31st Jul 20175:11 pmRNSNotification of Major Holdings in Shares

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