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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Currency | UK Pounds |
Share Price | 0.024p |
Change Today | 0.004p |
% Change | -14.29 % |
52 Week High | 0.76 |
52 Week Low | 0.023 |
Volume | 132,133,711 |
Shares Issued | 3,660.96m |
Market Cap | £0.88m |
Value |
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Price Trend |
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Income |
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Growth |
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No dividends found |
Time | Volume / Share Price |
17:07 | 2,500,000 @ 0.024p |
15:46 | 45,000,000 @ 0.023p |
16:28 | 400,000 @ 0.024p |
16:24 | 9,801 @ 0.023p |
16:24 | 1,367,489 @ 0.024p |
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