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United Oil & Gas Plc ( (GB:UOG) ) just unveiled an announcement.
United Oil & Gas Plc announced the exercise of warrants over 12,500,000 new ordinary shares, raising £18,750 for the company. This move reflects continued support for the company’s strategy and strengthens momentum around its Jamaican farm-out process. With the licence extended to January 2028 and multiple parties under NDA, the company is focused on securing a strategic farm-out partner to deliver value for shareholders.
More about United Oil & Gas Plc
United Oil & Gas is an oil and gas company with a development asset in the UK and a high impact exploration licence in Jamaica. The company is led by an experienced management team with a strong track record in growing full cycle businesses, partnering with established industry players, and is focused on delivering future growth through portfolio optimization and targeted acquisitions. United Oil & Gas is listed on the AIM market of the London Stock Exchange.
Average Trading Volume: 62,130,455
Technical Sentiment Signal: Sell
Current Market Cap: £2.53M
For a thorough assessment of UOG stock, go to TipRanks’ Stock Analysis page.