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An announcement from UK Oil & Gas Investments ( (GB:UKOG) ) is now available.
UK Oil & Gas Plc announced its interim results for the six-month period ending March 2025, highlighting its strategic shift towards clean energy. The company is advancing hydrogen storage projects, particularly in South Dorset, which is expected to contribute significantly to the UK economy and create thousands of jobs. This transition marks a pivotal move away from petroleum exploration, with UKOG ceasing its activities in Turkey and divesting from certain oil field interests. The company’s focus on hydrogen storage is poised to enhance its industry positioning and support government decarbonization efforts.
More about UK Oil & Gas Investments
UK Oil & Gas Plc (UKOG) is a company transitioning from petroleum exploration to becoming a pioneering clean energy developer. It focuses on developing significant hydrogen storage projects in South Dorset and East Yorkshire, aligning with the UK government’s Clean Power 2030 targets.
Technical Sentiment Signal: Hold
Current Market Cap: £7.82M
See more data about UKOG stock on TipRanks’ Stock Analysis page.