UK Oil & Gas Investments (GB:UKOG) has released an update.
UK Oil & Gas PLC is poised to advance its Dorset and Yorkshire Hydrogen Storage projects, having secured a letter of support from Sumitomo Corporation’s subsidiary, SEEL. This endorsement is crucial for UKOG’s eligibility in the upcoming government-backed Hydrogen Storage Revenue Support Allocation Round. With the projects still in the preliminary design phase, UKOG is optimistic about receiving further backing and fulfilling a strategic role in the UK’s energy infrastructure.
For further insights into GB:UKOG stock, check out TipRanks’ Stock Analysis page.
