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UK Oil & Gas Investments ( (GB:UKOG) ) just unveiled an announcement.
UK Oil & Gas PLC has successfully raised £3 million through a share placing to fund its transition into clean energy, focusing on hydrogen projects. The funding will support engineering studies and collaborations essential for government revenue support applications, enabling the company to advance its hydrogen storage and generation initiatives, potentially impacting its strategic positioning in the renewable energy sector.
More about UK Oil & Gas Investments
UK Oil & Gas PLC is a company transitioning from the petroleum sector to focus on clean power, specifically through hydrogen storage and generation projects. Their market focus is shifting towards renewable energy solutions, with significant projects in South Dorset and Yorkshire.
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.69M
Find detailed analytics on UKOG stock on TipRanks’ Stock Analysis page.