AIM-listed UK Oil & Gas (UKOG) has announced that the continued profitability of the Horse Hill oil field has enabled the field's operator, Horse Hill Developments Limited ('HHDL'), to make a payment of approx. £675,000 to the Company today, representing partial repayment of certain historic shareholder loans. The Company holds an effective 85.635% interest in the field and surrounding PEDL137 licence and a 77.9% direct shareholding in HHDL.
Source: UKOG
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