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UK Oil & Gas (UKOG)
- Change Today: 0.000p
- 52 Week High: 0.088
- 52 Week Low: 0.010
- Currency: UK Pounds
- Shares Issued: 17,289m
- Volume: 0
- Market Cap: £1.76m
UK Oil gets £0.68m payment from Horse Hill Developments
By Josh White
Date: Friday 08 Dec 2023
LONDON (ShareCast) - (Sharecast News) - UK Oil & Gas reported a positive financial development related to the Horse Hill oil field on Friday.
The AIM-traded firm said the field's operator, Horse Hill Developments (HHDL), had made a payment of £0.68m to UKOG.
It said the payment served as partial repayment of certain historic shareholder loans.
UKOG holds an effective 85.635% interest in the Horse Hill oil field and the surrounding PEDL137 licence.
Additionally, the company has a direct shareholding of 77.9% in HHDL.
The Horse Hill oil field's profitability enabled the payment, underscoring its ongoing economic viability.
At 1559 GMT, UK Oil & Gas shares were down 7.04% at 0.03p.
Reporting by Josh White for Sharecast.com.
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UK Oil & Gas Market Data
| Currency | UK Pounds |
| Share Price | 0.010p |
| Change Today | 0.000p |
| % Change | 0.00 % |
| 52 Week High | 0.088 |
| 52 Week Low | 0.010 |
| Volume | 0 |
| Shares Issued | 17,289m |
| Market Cap | £1.76m |
UK Oil & Gas Star Ratings
| Value |
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| Income |  |
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| Growth |
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UK Oil & Gas Dividends
| No dividends found |
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