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The latest update is out from UK Oil & Gas Investments ( (GB:UKOG) ).
UK Oil & Gas PLC has announced a significant increase in production at its Horndean field following a successful workover campaign. The field’s output rose by 60% in January 2025 compared to the previous year, leading to improved revenue forecasts and surpassing budget expectations. The company’s strategic improvements, including the installation of new pumps, have contributed to increased production rates and underscore the field’s value to UKOG’s portfolio.
More about UK Oil & Gas Investments
UK Oil & Gas PLC is a company operating in the oil and gas industry, focusing on the exploration and production of hydrocarbons. The company holds interests in various oil fields, including the Horndean field, and is listed on the London AIM market.
YTD Price Performance: -5.00%
Average Trading Volume: 114,840,185
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £2.4M
Find detailed analytics on UKOG stock on TipRanks’ Stock Analysis page.