Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
United Oil & Gas Plc ( (GB:UOG) ) just unveiled an announcement.
United Oil & Gas Plc announced the successful passing of all resolutions at its Annual General Meeting, enabling the issuance of 444,444,444 new ordinary shares to raise £800,000. This fundraising effort will support the company’s ongoing Jamaica farm-out process, aiming to secure a partner to unlock the value of its exploration asset, thereby strengthening its market position.
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: 67,085,354
Technical Sentiment Signal: Sell
Current Market Cap: £3.31M
Find detailed analytics on UOG stock on TipRanks’ Stock Analysis page.