- UK Oil & Gas said it was considering raising funds, in response to recent media speculation a raising was imminent.

'The company is progressing discussions and should any arrangement be finalised a further announcement will be made,' the company said.

'Terms including amount and pricing are to be agreed and there can be no certainty a transaction will be finalised.'

At 2:06pm: [LON:UKOG] UK Oil Gas Investments Plc share price was -0.23p at 1.03p

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