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United Oil & Gas Plc ( (GB:UOG) ) has provided an update.
United Oil & Gas Plc announced that the National Environment and Planning Agency in Jamaica has granted an Environmental Permit and a Beach Licence for its offshore technical programme within the Walton Morant Licence. This development is a significant milestone for the company as it advances its exploration efforts in Jamaica, which is considered a frontier licence with multi-billion-barrel potential. Additionally, the company has extended the expiry date of its warrants to 31 December 2025, allowing for potential non-dilutive funding as it continues to unlock value across its asset base.
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 licence in Jamaica. The company is led by an experienced management team with a strong track record of growing full cycle businesses and is well positioned to deliver future growth through portfolio optimisation and targeted acquisitions. United Oil & Gas is listed on the AIM market of the London Stock Exchange.
Average Trading Volume: 79,311,950
Technical Sentiment Signal: Hold
Current Market Cap: £3.9M
See more data about UOG stock on TipRanks’ Stock Analysis page.