GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » UK Oil & Gas PLC (LSE:UKOG) » Definitions » Credit Losses Provision

UK Oil & Gas (LSE:UKOG) Credit Losses Provision


View and export this data going back to 2005. Start your Free Trial

What is UK Oil & Gas Credit Losses Provision?

Credit Losses Provision only applies to banks.


UK Oil & Gas (LSE:UKOG) Business Description

Industry
Traded in Other Exchanges
Address
20 Primrose Street, 8th Floor, The Broadgate Tower, London, GBR, EC2A 2EW
UK Oil & Gas PLC operates as an oil and gas exploration company. Its principal activity is to acquire a portfolio of direct and indirect interests in the exploration, development, and production of oil and gas assets. The company's current operational focus is on the UK and Turkey onshore sectors. Its current UK onshore portfolio consists of direct and indirect interests in six oil and gas exploration, appraisal, development, and production assets, all situated within the Weald and Purbeck-Wight Basins of southern England. The company has three reportable segments: Oil exploration and production which includes producing business activities; Oil exploration and evaluation which includes non-producing activities; Head Office, corporate and administrative, including parent company activities.