UKOG outline plans for the South East is in the drilling firing line. Join the fight today!
In a statement issued yesterday, UKOG said the money was raised from the sale of ordinary shares. The company said the money would be used to further its existing Weald Basin portfolio activities and for potential investment in new onshore oil and gas activities in southern England.
Last week, UKOG’s chief executive, Stephen Sanderson, gave details of the company’s plans in the Weald, which he had said had the support of government.
Media: https://drillordrop.com/2016/05/27/uk-oil-gas-raises-4m-for-weald-operations/
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