UKOG announced that it has successfully raised £3.0M at of price of 0.0875p/sh. The placing will provide working capital and fund the company's near-term goals of completing the Phase 2 Turkey seismic programme and the subsequent drilling of a new appraisal well in the Basur oil discovery, which the company anticipates will be able to add oil production to in H1 2023.
12 Sep 2022
WH Ireland: UK Oil & Gas (UKOG) - Successful £3M Placing
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WH Ireland: UK Oil & Gas (UKOG) - Successful £3M Placing
UK Oil & Gas Plc (UKOG:LON) | 0.0 0 0.0% | Mkt Cap: 1.21m
- Published:
12 Sep 2022 -
Author:
Brendan Long -
Pages:
4
UKOG announced that it has successfully raised £3.0M at of price of 0.0875p/sh. The placing will provide working capital and fund the company's near-term goals of completing the Phase 2 Turkey seismic programme and the subsequent drilling of a new appraisal well in the Basur oil discovery, which the company anticipates will be able to add oil production to in H1 2023.