UK Oil & Gas jumps on Horse Hill-1 well
Shares in UK Oil & Gas rose strongly on Friday morning after trading on AIM was restored following an upbeat announcement on its 20%-owned Horse Hill-1 well.
FTSE AIM All-Share
725.28
16:54 07/01/25
n/a
n/a
Technology Hardware & Equipment
1,920.18
16:30 18/12/24
0.00%
0.00
UK Oil & Gas
0.02p
16:55 07/01/25
0.00%
0.00p
Following a temporary suspension as it awaited the assessment results, the group revealed that the well, located near Gatwick Airport, has an estimated 271.4m barrels of oil per square mile.
Shares climbed 15% in early trade.