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United Oil & Gas Plc ( (GB:UOG) ) has shared an announcement.
United Oil & Gas Plc has announced the exercise of 5,000,000 warrants at an exercise price of £0.0015 per share, raising £7,500 for the company. This move strengthens the company’s near-term funding position as it focuses on the farmout of its Jamaican licence and aims to deliver value for shareholders. The new ordinary shares will be admitted to trading on AIM around 11 July 2025, increasing the total voting rights to 2,068,877,779.
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: 74,723,442
Technical Sentiment Signal: Sell
Current Market Cap: £3.71M
See more data about UOG stock on TipRanks’ Stock Analysis page.