Business
Final Results
Final Results.
About this update from Uk Oil & Gas Plc
[{"type":"text","content":"\n \n \n RNS Number : 2862I\n UK Oil & Gas PLC\n 31 March 2020\n \n \n \n \n UK Oil & Gas PLC\n \n \n (\"UKOG\" or the \"Company\")\n \n \n \n \n \n Final Results for the year ended 30 September 2019\n \n \n \n \n \n UK Oil & Gas PLC (AIM: UKOG), a leading oil and gas operating company in the UK onshore sector, is pleased to announce its full year results for the full year ended 30 September 2019. A copy of the full annual report and details of the Company's annual general meeting will be posted to shareholders in due course. A copy of the full annual report will also be made available on the Company's website today.\n \n \n \n \n \n STRATEGIC REPORT FOR THE YEAR ENDED 30 September 2019\n \n \n \n \n \n OUR BUSINESS\n \n \n \n \n \n UKOG is an oil and gas exploration and production company, which specialises in creating new geological ideas, concepts and methodologies to find and produce oil from previously unexplored or overlooked rock formations within established oil-producing basins. Our current operational focus is on the UK onshore sector, where we aim to build a sustainable production base that can act as a springboard to further UK and worldwide opportunities. UKOG has operated safely and environmentally responsibly in the UK since 2013. \n \n \n \n \n \n Driven initially by the successful Horse Hill Portland and Kimmeridge oil discoveries in 2014, our numerous subsequent asset acquisitions, successful drilling and flow testing programme has made UKOG one of the most recognised and stand-out players in the entire UK onshore sector. As of 1 August 2018, we ceased to be an investment company and the Company now trades as a fully-fledged operating oil and gas company.\n \n \n \n \n \n Our portfolio consists of direct and indirect interests in eight UK onshore exploration, appraisal, development and production assets, all situated within the Weald and Purbeck-Wight Basins of southern England. We are by far the largest acreage holder in the south of England, and the fourth largest in the overall UK onshore, with assets covering 792 gross km². \n \n \n \n \n \n We hold majority interests in four\n significant oil and gas discoveries, the most notable being at Horse Hill in Surrey, together with a significant position in the Kimmeridge Limestone (KL) oil deposit ...