Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
United Oil & Gas Plc ( (GB:UOG) ) has issued an update.
United Oil & Gas Plc announced the exercise of 33,000,000 warrants, raising £33,000, which strengthens its near-term funding position. The company is focused on securing a strategic farm-out partner for its Jamaican exploration asset and delivering value for shareholders. The new ordinary shares will be admitted to trading on AIM, increasing the total voting rights to 2,061,377,379.
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: 81,275,130
Technical Sentiment Signal: Hold
Current Market Cap: £4.42M
For a thorough assessment of UOG stock, go to TipRanks’ Stock Analysis page.