UK Oil & Gas plc

UKOG is an energy company focused upon oil and gas exploration and production in the UK and international onshore sectors, together with an increasing diversification into gas storage, hydrogen, and geothermal energy space within the UK.
Deal price
0.025p
Discount of 26 %
Last Price 0.034p p

Key information

Key information

Sector

Oil, Gas and Coal

Close date

Delivery

Placing price

Last price

Discount

Amount raised

0.025p

0.034 p

26 %

£555,537

Use of proceeds

The Placing's proceeds will firstly be employed to enable the acquisition of the Company's first salt cavern hydrogen storage site in the East Yorkshire salt basin, the UK's most extensive and thickest salt deposit and a key nationally strategic area for future hydrogen and existing natural gas storage. The acquisition of this site, along with the Company's Dorset sites, would provide the Company with one of the largest single portfolios of potential salt-cavern storage sites in the UK.

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