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Oil company in demand after success with Broadford Bridge asset

Shares in small cap oil and gas play UK Oil & Gas Investments (UKOG:AIM) are on a tear higher. The latest spurt comes as the company announces (20 Jul) it has found another oil bearing zone after analysis of its Broadford Bridge-1 exploration well.

Executive chairman Stephen Sanderson says it believes the asset is ‘a new and potentially highly significant oil resource’. The shares are up more than five-fold since the middle of June.

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