Unaudited results for the 6 months ended 31 March

For immediate release

30 June 2014

UK OIL AND GAS INVESTMENTS PLC

("UKOG" or the "Company)

Unaudited results for the six month period ended 31 March 2014

Chairman's Statement

I am pleased to report the unaudited results of the Company for the six month period ended 31 March 2014.

This has been a period of considerable change for the Company, with the Company's shares re-commencing trading on AIM on 26 November 2013 after a considerable period of suspension due to the previous financial uncertainty surrounding the Company and its subsidiary having been put in to administration.

After significant work from the directors and its advisors, the Company has re-emerged as UK Oil & Gas Investments Plc ("UKOG") with a specific focus on acquiring interests in "conventional" UK oil and gas assets.

Since the Company re-commenced trading on AIM, the board has raised a total of £2.09 million, through a series of placings including the placement for £700,000 on 28 May 2014, to strengthen the Company's balance sheet and provide funds to be invested in line with the Company's investing policy.

UKOG has acquired a 6% share of Angus Energy Limited ("Angus Energy") which operates and produces oil from both the Lidsey and Brockham oil fields in the UK Weald Basin south of London and is planning to drill the Horse Hill Prospect located about 3 miles from Gatwick Airport. In addition, Angus Energy is planning a side-track on Brockham and a new well at Lidsey.

UKOG has also acquired a 7.5% direct interest in Horse Hill Development Limited which owns 65% of the Horse Hill licence.

Your board of directors will continue to seek out further investments in the UK "conventional" oil and gas space and work closely with Angus Energy Limited on their production and exploration acreage.

The next financial year should see significant developments at two of Angus Energy's licences (Lidsey and Brockham) with new production wells being planned on both prior to the end of 2014. We should also know the outcome of the Horse Hill-1 well, which is scheduled to spud in July 2014.

The Company also advises that David Wither has resigned as a Director of the Company with immediate effect to pursue other business interests. The board wish to thank Mr Wither for his services and contribution, and wish him well with his future endeavours. The board intends to appoint a new non-executive in due course.

I wish to take this opportunity to thank all shareholders for their valuable asistance and support over the period and the board looks forward to a fruitful time in the Company's endeavours at becoming a valuable part of the domestic, convential oil and gas exploration and development sector in the UK.

David Lenigas

Chairman

30 June 2014

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Income Statement (Unaudited)

for the six months ended 31 March 2014

There were no recognised gains or losses other than the loss for the financial periods.

Reconciliation of movement in equity shareholders' funds

Statement of Financial Position (Unaudited)

as at 31 March 2014

Statement of Cash Flows (Unaudited)

for the six months ended 31 March 2014

Notes to the half-yearly results

1. Basis of preparation

The financial statements have been prepared under the historical cost convention, and in accordance with UK Generally Accepted Accounting Practice (UK GAAP). The half-yearly financial information has been prepared using the accounting policies which were applied in the Group's statutory financial statements for the year ending 30 September 2013.

The financial information shown in this publication is unaudited and does not constitute statutory accounts as defined in Section 434 of the Companies Act 2006. The comparative figures for the financial year ended 30 September 2013 have been derived from the statutory accounts for 2013. The statutory accounts have been delivered to the Registrar of Companies. The auditors have reported on those accounts; their report was unqualified and did not contain statements under the section 498(2) or 498(3) of the Companies Act 2006.

3. (Loss) per share

The calculation of the basic and diluted (loss) per share is based upon

Note: the EPS for the 6 months to 31 March 2014, has taken account of the Capital re-organisation which occurred on 25 November 2013.

4. Availability of the Interim Report

Copies of the report will be available from the Company's registered office and also from the Company's website www.ukogplc.com