UK Oil & Gas Investments (GB:UKOG) has released an update.
UK Oil & Gas PLC reports a 22% increase in daily oil production in 2023 and growth in net reserves and earnings. The company’s net share of oil sales revenue rose to £297,000, with net earnings after costs reaching £147,000. These positive developments follow the installation of new electric surface pumps in 2022, which boosted production efficiency and financial performance.
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