Share Name Share Symbol Market Type Share ISIN Share Description
Uk Oil & Gas Plc LSE:UKOG London Ordinary Share GB00B9MRZS43 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.025 4.0% 0.65 0.60 0.70 0.675 0.625 0.625 48,081,789 16:23:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.2 -2.3 -0.1 - 48

UK Oil & Gas PLC Issue of Shares

02/01/2020 3:55pm

UK Regulatory (RNS & others)

Uk Oil & Gas (LSE:UKOG)
Historical Stock Chart

2 Months : From Dec 2019 to Feb 2020

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RNS Number : 6038Y

UK Oil & Gas PLC

02 January 2020

UK Oil & Gas PLC

("UKOG" or the "Company")

Issue of Shares

UK Oil & Gas PLC (London AIM: UKOG), announces that pursuant to its RNS of 7 August 2019, in which UKOG agreed to acquire the entire share capital of Magellan Petroleum (UK) Investment Holdings Limited ("Magellan") for a total consideration of GBP12 million in cash and shares. UKOG has today allotted 331,125,828 new ordinary shares to Tellurian Investments LLC ("Tellurian") in relation to the deferred share element of the consideration. The shares rank pari passu in all respects with the existing ordinary shares. It is anticipated that the shares will be admitted to trading on AIM on or around 8 January 2020 ("Admission").

Magellan holds a 35% direct interest in the Horse Hill oil field and surrounding highly prospective PEDL137 and PEDL246 licences, UKOG's flagship asset.

Following Admission of the Investor Shares, the Company's issued share capital will comprise 7,322,645,119 ordinary shares. As the Company does not hold any shares in treasury, this figure of ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

A summary of the transaction with Tellurian are outlined in the announcement of 7 August 2019.

For further information, please contact:

UK Oil & Gas PLC

Stephen Sanderson / Kiran Morzaria Tel: 01483 900582

WH Ireland Ltd (Nominated Adviser and Broker)

James Joyce / James Sinclair-Ford Tel: 020 7220 1666

Cenkos Securities PLC (Joint Broker)

Joe Nally / Neil McDonald Tel: 0207 397 8919

Novum Securities (Joint Broker)

John Bellis Tel: 020 7399 9400

Public Relations

Brian Alexander Tel: 01483 900582

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit



(END) Dow Jones Newswires

January 02, 2020 10:55 ET (15:55 GMT)

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