News Oil & Gas

UKOG suspends trading pending annual report

Posted on Author editorial Comment(0)

UK Oil & Gas plc has suspended trading following a delay in publication of its annual report and accounts.

The report for year ended 30 September 2024 will not be published by 31 March 2025, the date set according to AIM rules.

The company said that trading will be temporarily suspended from 7.30 am on 1 April 2025 until publication of the report expected “as soon as possible”.

UKOG’s assets are onshore southern England and in Turkey.

Related Articles
Metals & Minerals News

Power Metal intersects Molopo superconductor

Posted on Author editorial

Power Metal Resources plc has intersected the targeted steeply dipping geophysical superconductor at Molopo Farms Complex, southwest Botswana. ANALYSIS The company is targeting a district-scale nickel and platinum group element (PGE) discovery at the project. Diamond drilling on DDH1-14C began in February and has now completed to a final depth of 832.6 metres at the high priority […]
News Oil & Gas

Block completes farm-out for part XIB

Posted on Author editorial

Block Energy plc has completed the farm-out to Georgia Oil and Gas Ltd (GOG) of part of licence XIB in Georgia. RESOURCE The transaction, announced in December 2022, results in the company now holding a 50% interest in the new Didi Lilo and South Samgori areas of XIB. Block said that GOG had completed the seismic activities agreed under […]
News Oil & Gas

Offshore oil and gas face £3bn shortfall in investment

Posted on Author editorial

Some £3bn of investment in offshore oil and gas was deferred in 2020 and 2021 prompting a demand for government support by the industry’s trade association. Oil and Gas UK (OGUK) said lack of funds threatened the UK’s energy transition and hindered the country’s ability to reach a net-zero future. OGUK added that its 2021 […]