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An update from United Oil & Gas Plc ( (GB:UOG) ) is now available.
United Oil & Gas Plc has successfully raised £140,000 through a capital raise with an existing shareholder, enhancing its working capital. This funding supports the company’s ongoing farm-out process at its Walton-Morant Licence in Jamaica, where multiple parties are conducting due diligence, reflecting confidence in United’s strategic direction.
More about United Oil & Gas Plc
United Oil & Gas Plc operates in the energy sector, focusing on oil and gas exploration and development. The company is involved in projects such as the Walton-Morant Licence offshore Jamaica, indicating a market focus on international energy resources.
Average Trading Volume: 58,035,296
Technical Sentiment Signal: Sell
Current Market Cap: £2.87M
See more insights into UOG stock on TipRanks’ Stock Analysis page.