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United Oil & Gas Plc (UOG) AI Stock Analysis

GB:UOG

United Oil & Gas Plc

(LSE:UOG)

Select Model
Rating:52Neutral
Price Target:GBX 0.23â–²(0.00% Upside)
Action:reiterated
Date:10/07/26

The score is held back primarily by weak financial performance (no revenue, ongoing losses, and renewed cash burn in 2025) despite a relatively low-leverage balance sheet. Technicals provide some support with a modest uptrend and neutral momentum, while valuation remains uncertain because losses make the negative P/E less informative and there is no dividend yield.

Positive Factors
Low leverage and positive equityVery low leverage gives UOG greater financial flexibility than a heavily indebted exploration company. Positive and growing equity provides a cushion against project setbacks and may help preserve the ability to fund technical work, pursue partnerships, or monetize assets without immediate balance-sheet pressure.
Negative Factors
No reported revenueThe absence of reported revenue across three consecutive years shows that UOG has not yet established a recurring operating income base. This leaves financial performance dependent on project monetisation, funding access, or future development success rather than dependable commercial production.

United Oil & Gas Plc (UOG) vs. iShares MSCI United Kingdom ETF (EWC)

-40%-20%0%20%40%60%80%GB:UOG+62.14%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
GBP 10.55M
Dividend Yield
―
Average Volume (3M)
27.19M
Price to Earnings (P/E)
-7.6
Beta (1Y)
0.29
Revenue Growth
―
EPS Growth
33.33%
Country
UK
Employees
7
Sector
Energy
Sector Strength
65
Industry
Oil & Gas Exploration & Production

United Oil & Gas Plc Business Overview & Revenue Model

Company Description

United Oil & Gas Plc, operating with its various subsidiaries, is engaged in the upstream oil and gas sector, encompassing exploration, development, and production activities. The company's operations span the United Kingdom, other European countries...

How the Company Makes Money

UOG’s business model is to create value from upstream oil and gas licences and projects across their life cycle—typically by (i) obtaining interests in exploration and appraisal assets, (ii) funding and executing technical work (e.g., seismic interpr...

United Oil & Gas Plc Financial Statement Overview

Summary

Operating fundamentals are weak: no reported revenue in 2023–2025 alongside recurring net losses, and 2025 returned to meaningful operating cash burn (~-2.0m) with negative free cash flow. The balance sheet is a relative support with debt effectively reduced to zero and positive equity, but returns on equity remain negative, keeping the overall financial profile high-risk.

Income Statement

18Very Negative

Balance Sheet

56Neutral

Cash Flow

34Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue000021.01M21.17M
Gross Profit-2,766-2,143-76.93K-105.14K12.87M12.26M
EBITDA-1.40M-1.20M-1.80M-140.03K1.69M10.97M
Net Income-1.70M-1.28M-2.44M-20.37M2.35M3.60M
Balance Sheet
Total Assets10.82M10.68M8.26M10.23M33.96M33.77M
Cash, Cash Equivalents and Short-Term Investments497.05K1.68M775.29K1.99M1.35M397.31K
Total Debt00189.36K1.28M3.06M2.53M
Total Liabilities1.38M1.41M2.30M3.44M7.00M9.47M
Stockholders Equity9.44M9.27M5.95M6.79M26.96M24.29M
Cash Flow
Free Cash Flow-1.56M-1.98M107.15K3.86M122.56K3.38M
Operating Cash Flow-1.56M-1.97M109.43K10.10M8.71M9.11M
Investing Cash Flow-2.41M-1.47M-1.29M-6.24M-3.70M-5.57M
Financing Cash Flow4.31M4.46M562.37K-1.82M-2.95M-4.96M

United Oil & Gas Plc Technical Analysis

Technical Analysis SentimentPositive
Last Price0.23

Price Trends

50DMA0.21Positive
100DMA0.20Positive
200DMA0.20Positive

Market Momentum

MACD0.00Negative
RSI57.45Neutral
STOCH61.11Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:UOG, the sentiment is Positive. The current price of 0.23 is above the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.21, and above the 200-day MA of 0.20, indicating a bullish trend. The MACD of 0.00 indicates Negative momentum. The RSI at 57.45 is Neutral, neither overbought nor oversold. The STOCH value of 61.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:UOG.

United Oil & Gas Plc Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

GB:UOG against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *65Neutral$15.17B7.614.09%5.20%3.87%-62.32%
GB:UOGGB:UOG52NeutralGBP 11.30M-7.62-18.21%――33.33%
GB:ASTGB:AST43NeutralGBP 3.88M-0.36644.44%―――
GB:RBDGB:RBD40UnderperformGBP 9.14M-0.90-22.10%――-150.68%
GB:UJOGB:UJO37UnderperformGBP 2.67M-0.31-45.39%―-4.12%-889.83%
GB:WTEGB:WTE34UnderperformGBP 3.82M-33.13-2.93%―140.95%63.64%

* Energy Sector Average

Performance Comparison

0%100%200%GB:UOGGB:ASTGB:RBDGB:UJOGB:WTEDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
GB:UOG and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:UOGUnited Oil & Gas Plc0.230.0962.14%
GB:ASTAscent Resources0.41-0.04-7.78%
GB:RBDReabold Resources63.0015.5032.63%
GB:UJOUnion Jack Oil1.82-2.13-53.80%
GB:WTEWestmount Energy2.650.6532.50%

United Oil & Gas Plc Corporate Events

Business Operations and StrategyRegulatory Filings and Compliance

United Oil & Gas updates registered office amid ongoing growth strategy

Neutral
Oct 1, 2026

United Oil & Gas Plc, an AIM-listed oil and gas company with exploration interests in Jamaica and a development asset in the UK, is building a full-cycle business in partnership with established industry players. The company’s experienced m...

Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresPrivate Placements and Financing

United Oil & Gas strengthens Jamaica push with new funding, COO hire and rig study

Positive
Sep 28, 2026

United Oil & Gas reported unaudited results for the first half of 2026, highlighting continued technical and operational progress on its Walton-Morant exploration licence in Jamaica amid severe disruption in the Strait of Hormuz that is pushing i...

Business Operations and Strategy

United Oil & Gas advances Jamaican drilling plans with NRG study

Positive
Sep 10, 2026

United Oil & Gas has appointed NRG Well Management to conduct a drilling rig and long-lead availability study for its Walton-Morant exploration licence offshore Jamaica. The review will assess rig options, day rates, procurement timelines, and re...

Business Operations and StrategyExecutive/Board Changes

United Oil & Gas strengthens leadership with new COO to drive Jamaican farm-out

Positive
Sep 7, 2026

United Oil & Gas has appointed former Head of Commercial Donal Meehan as Chief Operating Officer, a non-board role, as the company moves into a new phase of development. Meehan brings over two decades of upstream experience, including senior role...

Business Operations and StrategyExecutive/Board Changes

United Oil & Gas tightens management incentives with new performance-linked share options

Positive
Aug 19, 2026

United Oil & Gas has granted 203,814,481 share options under its updated unapproved share option scheme, with awards split between employees, consultants and senior management, including CEO Brian Larkin, CFO Simon Brett and non-executive directo...

Business Operations and StrategyShareholder Meetings

United Oil & Gas Wins Shareholder Backing for All AGM Resolutions

Positive
Aug 7, 2026

United Oil & Gas Plc reported that all resolutions at its latest Annual General Meeting were duly passed, including the receipt of accounts, reappointment of auditors, and the re-election of directors Brian Larkin, David Williams and Iman Hill. S...

Regulatory Filings and Compliance

United Oil & Gas Sets Official Voting Rights at 4.64 Billion Shares

Neutral
Jul 31, 2026

United Oil & Gas plc has confirmed that its issued share capital comprises 4,636,021,868 ordinary shares of £0.00001 each, with every share carrying one voting right and none held in treasury. This disclosure sets the official total number o...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 07, 2026