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United Oil & Gas Plc ( (GB:UOG) ) has issued an announcement.
United Oil & Gas Plc announced its unaudited results for the first half of 2025, highlighting significant progress in its Walton Morant license in Jamaica. The company secured a two-year license extension, received key environmental permits, and completed successful fundraising efforts, indicating strong shareholder support. The Walton Morant license, with its vast potential of 7 billion barrels and favorable fiscal terms, is attracting interest from potential partners, enhancing the company’s farm-out discussions. Recent independent studies have improved the drilling success probabilities for key prospects, further de-risking the project and positioning United Oil & Gas for transformational value creation.
More about United Oil & Gas Plc
United Oil & Gas Plc is an oil and gas company with a development asset in the UK and a high-impact exploration license in Jamaica. The company is led by an experienced management team with a strong track record of growing full-cycle businesses and is listed on the AIM market of the London Stock Exchange.
Average Trading Volume: 19,879,891
Technical Sentiment Signal: Sell
Current Market Cap: £4.27M
For an in-depth examination of UOG stock, go to TipRanks’ Overview page.