tiprankstipranks
Trending News
More News >

UKOG Raises Funds for Hydrogen Storage Projects

UKOG Raises Funds for Hydrogen Storage Projects

UK Oil & Gas Investments (GB:UKOG) has released an update.

Confident Investing Starts Here:

UK Oil & Gas PLC has successfully raised £1 million through the placement of new Ordinary Shares at a significant discount, with plans to extend a similar offer to retail shareholders. The funds are earmarked for the advancement of the company’s hydrogen storage projects, including environmental and engineering studies necessary for government support applications. The initiative is supported by major energy players, with a view to enhance the UK’s renewable energy infrastructure.

For further insights into GB:UKOG stock, check out TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App