2nd Oct 2020 13:26
UK Oil & Gas PLC - oil and gas exploration company - Raises GBP2.2 million to fund its share of initial drilling and seismic costs of Resan oil project in Turkey. Places 1.37 billion shares at 0.16p each, a 16% discount to the 0.19p closing price on Thursday. In July, the company had signed an agreement to take a 50% interest in the Turkish Resan oil appraisal and exploration project.
Current stock price: 0.16 pence, down 13%
Year-to-date change: down 81%
By Tapan Panchal; [email protected]
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