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UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Says that the ‘continued profitability’ of the Horse Hill oil field has allowed the operator, Horse Hill Developments Ltd, to make a payment of £675,000 to UK Oil & Gas. Explains that this represents a partial repayment of certain historic shareholder loans. UK Oil & Gas holds an effective 86% interest in the field and surrounding PEDL137 licence, and a 78% direct shareholding in HHDL. Current stock price: 0.025 pence, down 7.4% 12-month change: down 58% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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