UK Oil & Gas plc posted a swing to a loss and a decrease in group revenue for the first half of 2025. HORSE HILL Interim results showed gross losses amounted to £0.47 million compared with a £0.22m profit for H1 2024. The company said that the fall was due to a rise in the […]
Tag: UK Oil & Gas plc (UKOG)
UKOG interim results delayed
UK Oil & Gas plc said its interim results to 30 March 2025 are delayed due to a previous delay in publishing its annual report and accounts for the year ended 30 September 2024. “The audit of the company’s 2024 annual financial statements is now well advanced and the company expects to publish the report […]
UKOG welcomes 62% rise in Horndean reserves
UK Oil & Gas plc has reported a near two-thirds increase in reserves at the Horndean onshore oil joint venture, 10 miles north of Portsmouth in Hampshire. VALUE A new reserves report for operator Star Energy Group plc assessed and compared the field’s remaining reserves at the end of 2024 with the end of 2023. […]
UKOG-Star increase Horndean production
UK Oil & Gas plc said that last quarter’s workover programme resulting in a “deeper seating” of a downhole pump had increased production at the Horndean field, 10 miles north of Portsmouth in Hampshire. REVENUES Field operator Star Energy Group achieved an average of 200 barrels of oil per day last month compared with 125 […]
UKOG raises £55,537 via retail offer
UK Oil and Gas plc has raised £55,537 from its retail offer by issuing 222,148,000 new ordinary shares of £0.000001 each at 0.025 pence per share. The offer to the company’s existing retail shareholders is separate to earlier placing which raised £500,000. Following admission UKOG’s voting rights will total 13,362,909,833.
UKOG appoints Kris Bone as chief technical officer
UK Oil & Gas plc has appointed Kristopher Bone as an executive director and chief technical officer, among other board changes. Mr Bone, who joined UKOG in 2019, is a petroleum engineer and chartered chemical engineer with 25 years’ experience in the petroleum, underground gas storage and energy development sectors. He has technical knowledge, leadership […]