UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Says that the ‘continued profitability’ of the Horse Hill oil field has allowed the operator, Horse Hill Developments Ltd, to make a payment of £675,000 to UK Oil & Gas. Explains that this represents a partial repayment of certain historic shareholder loans. UK Oil & Gas holds an effective 86% interest in the field and surrounding PEDL137 licence, and a 78% direct shareholding in HHDL.

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