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 update.
United Oil & Gas Plc has received an Environmental Permit from Jamaica’s National Environment and Planning Agency for its Walton Morant Licence, marking a significant step towards operational activities. The permit allows for non-invasive offshore surveys, which will enhance the company’s technical dataset and support ongoing technical workstreams. The Walton Morant licence is seen as a compelling opportunity with billion-barrel-scale potential, and the company is focused on advancing the farmout process in parallel with survey preparations.
More about United Oil & Gas Plc
United Oil & Gas 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, partnered with established industry players, 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: 67,650,287
Technical Sentiment Signal: Sell
Current Market Cap: £3.31M
For a thorough assessment of UOG stock, go to TipRanks’ Stock Analysis page.