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Share Price: 0.0235

Bid: 0.022

Ask: 0.025

Change: -0.0015 (-6.00%)

Spread: 0.003 (13.636%)

Open: 0.025

High: 0.025

Low: 0.0235

Prev. Close: 0.025

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IN BRIEF: UK Oil & Gas receives payment from Horse Hill Developments

Fri, 08th Dec 2023 18:36

UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Says that the "continued profitability" of the Horse Hill oil field has allowed the operator, Horse Hill Developments Ltd, to make a payment of GBP675,000 to UK Oil & Gas. Explains that this represents a partial repayment of certain historic shareholder loans. UK Oil & Gas holds an effective 86% interest in the field and surrounding PEDL137 licence, and a 78% direct shareholding in HHDL.

Current stock price: 0.025 pence, down 7.4%

12-month change: down 58%

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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IN BRIEF: UK Oil & Gas receives payment from Horse Hill Developments

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