TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
An announcement from United Oil & Gas Plc ( (GB:UOG) ) is now available.
United Oil & Gas Plc has signed a non-binding Memorandum of Understanding with TDI Brooks International to secure a vessel for a geochemical survey in Jamaica, marking a critical de-risking milestone. This strategic move is set to support ongoing farm-out discussions and enhance shareholder value by collecting and analyzing seabed core samples to confirm the presence of hydrocarbons, which could significantly increase exploration success rates in the Walton Morant Basin.
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, 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: 38,561,429
Technical Sentiment Signal: Sell
Current Market Cap: £3.49M
See more data about UOG stock on TipRanks’ Stock Analysis page.