UKOG Provides Horse Hill Developments Update

Source: www.gulfoilandgas.com 12/8/2023, Location: Europe

UK Oil & Gas PLC 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 675,000 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.


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