UK Oil & Gas PLC has secured a further £0.52 million through a placing of new ordinary shares at 0.016 pence each, issued at a discount to the previous closing price. This latest raise lifts total new investment since 2 October 2025 to more than £5 million.
The funds will support the company’s expanding focus on hydrogen storage, production and energy transition projects through to the end of 2026. UK Oil & Gas said the proceeds will accelerate technical and economic modelling, underpin a new collaboration with a regional hydrogen pipeline provider for its South Dorset Storage project, and advance an electrolytic hydrogen generation scheme aimed at decarbonising industrial energy use across Dorset.
The placing marks another step in the company’s shift toward low-carbon energy infrastructure, as it positions itself to play a role in the UK’s emerging hydrogen economy.
Placing Summary
· The Placing raised £520,000 (before expenses) through the issue of 3,249,134,670 Placing Shares at the Issue Price.
· The net proceeds of the Placing will be utilised as described above.
· Participants in the Placing have subscribed on the basis of the customary terms and conditions of the Placing.
Stephen Sanderson UKOG’s Chief Executive commented:
” We are delighted that this additional funding means the Company has now secured new investment of over £5 million since early October, 2025. Crucially, these funds will assist us in carrying out our currently planned and budgeted 2026 hydrogen storage, hydrogen production and energy transition activities. The new funding will also help us to deliver a second collaboration with a substantive regional hydrogen pipeline provider, in addition to collaboration with National Gas. These collaborations are both essential steps that will strengthen our intended application for government hydrogen storage revenue support in the coming year.”
