UK Oil & Gas PLC Horse Hill Developments Update (1133W)
08 Diciembre 2023 - 1:00AM
UK Regulatory
TIDMUKOG
RNS Number : 1133W
UK Oil & Gas PLC
08 December 2023
UK Oil & Gas PLC
("UKOG" or the "Company")
Horse Hill Developments Update
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce
that the continued profitability of the Horse Hill oil field has
enabled the field's operator, Horse Hill Developments Limited
("HHDL"), to make a payment of approximately GBP675,000 to the
Company today, representing partial repayment of certain historic
shareholder loans. The Company holds an effective 85.635% interest
in the field and surrounding PEDL137 licence and a 77.9% direct
shareholding in HHDL.
For further information, please contact:
UK Oil & Gas plc
Stephen Sanderson / Allen D Howard Tel: 01483 941493
WH Ireland Ltd (Nominated Adviser and Broker)
James Joyce / Andrew de Andrade / James Bavister Tel: 020 7220
1666
Communications
Brian Alexander Tel: 01483 941493
The information contained within this announcement is deemed to
constitute inside information as stipulated under the retained EU
law version of the Market Abuse Regulation (EU) No. 596/2014 (the
"UK MAR") which is part of UK law by virtue of the European Union
(Withdrawal) Act 2018. The information is disclosed in accordance
with the Company's obligations under Article 17 of the UK MAR. Upon
the publication of this announcement, this inside information is
now considered to be in the public domain.
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END
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