By HotStockRockets | Wednesday 2 July 2014
Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
On Monday, UK Oil & Gas Investments (UKOG) announced its results for the six months ended 31st March 2014 showing a £0.29 million loss on nil turnover and period end cash (net) of £0.16 million. However, £0.70 million has subsequently been raised to enable the company to further its strategy of investment in the UK conventional oil and gas space and it is noted that the Horse Hill-1 well remains “scheduled to spud in July”.
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