Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
United Oil & Gas Plc ( (GB:UOG) ) just unveiled an update.
United Oil & Gas Plc has secured a two-year extension for the Walton Morant licence offshore Jamaica, now valid until January 31, 2028. This extension allows the company to advance discussions with potential farm-in partners and progress technical work, highlighting the significant exploration potential of the licence. The company is re-engaging with previously interested parties and new groups under Non-Disclosure Agreements, positioning itself to secure strategic partners to unlock the asset’s potential.
More about United Oil & Gas Plc
United Oil & Gas Plc is a company operating in the oil and gas industry, with a focus on high-impact exploration assets in Jamaica and development assets in the UK.
YTD Price Performance: -18.00%
Average Trading Volume: 35,362,685
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.39M
Learn more about UOG stock on TipRanks’ Stock Analysis page.