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UK Oil & Gas PLC - UK and internationally focused energy company - Reports revenue for the full year ended September 30 from sales of oil amounted to £1.8 million from £1.6 million a year earlier, largely driven by an increase in average sale price from £43 per barrel to £98 per barrel which was offset by oil production decrease at Horse Hill. Gross profit totalled £300,000 compared to a loss of £200,000 in 2021. Administration expenses amounted to £2.7 million from £2.1 million and an operating loss of £5.4 million was recorded, widened from £3.8 million in 2021. Net cash outflow from operating activities increased to £2.0 million from £1.4 million a year prior. Current stock price: 0.061 pence 12-month change: down 49% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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