UK Oil & Gas plc, which is currently shifting its focus away from natural resource extraction, has increased its issued share capital with a £520,000 fundraise for its hydrogen storage project.
TVRs
The company issued 3,249,134,670 shares through a placing, at a 25% discounted issue price of 0.016 pence per share.
Following admission, UKOG’s total voting rights will be 36,498,269,332.
The company continues to hold a 100% interest in the Loxley/Godley Bridge natural gas/hydrogen feedstock appraisal, 10% in the Horndean field, 85.635% in its main project of Horse Hill in Surrey and 5% in the Avington field.
Alba Mineral Resources plc holds an 11.765% interest in Horse Hill.
As at 21 November 2025, UKOG’s website states that Horse Hill is expected to “resume stable production” this year, pending planning approval from Surrey County Council.
Horse Hill was also previously under a potential farm-out to PennPetro Energy plc.