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An update from United Oil & Gas Plc ( (GB:UOG) ) is now available.
United Oil & Gas Plc announced its final audited results for 2024, highlighting significant progress despite challenges. The company resolved a default notice in Egypt and secured a two-year extension for its Walton Morant license in Jamaica, now extended until January 2028. United is focusing on its Jamaican assets, with over 40 leads mapped, and is advancing permitting for technical de-risking. Financially, the company reported a loss after tax of $2.44 million, with cash balances of $0.8 million at year-end. The strategic focus on Jamaica and UK onshore assets positions United for long-term shareholder value.
More about United Oil & Gas Plc
United Oil & Gas Plc is an oil and gas company listed on the AIM market of the London Stock Exchange. It focuses on high-impact exploration in Jamaica and development assets in the UK. The company is led by an experienced management team and aims to deliver growth through portfolio optimization and targeted acquisitions.
Average Trading Volume: 86,480,952
Technical Sentiment Signal: Hold
Current Market Cap: £4.02M
See more data about UOG stock on TipRanks’ Stock Analysis page.