UK Oil & Gas PLC (AIM:UKOG), the energy group, saw its shares jump by as much as 30% on Wednesday as it moved one step closer to receiving a government.
Stock prices in Europe were lower at midday on Wednesday, after positive data from the US on Tuesday threw interest rate cuts into question.
The FTSE 100 index was down 19.58 points, 0.2%, at.
UK Oil & Gas PLC on Wednesday said it received a letter of support for its planned Dorset and Yorkshire hydrogen storage projects from Summit Energy Evolution Ltd.
The London-based energy exploration.
Investors' focus in the middle of the week will continue to be on the scheduled remarks of top Fed officials as investors continue to wait on the week's key release, the PCE price index on Friday.