Top Page
United Oil & Gas Plc
(LSE:UOG)
United Oil & Gas Plc (UOG) vs. iShares MSCI United Kingdom ETF (EWC)
United Oil & Gas Plc Business Overview & Revenue Model
United Oil & Gas Plc Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 21.01M | 21.17M | 9.05M |
| Gross Profit | -24.25K | 0.00 | 0.00 | 12.87M | 12.26M | 2.55M |
| EBITDA | -1.10M | -1.80M | 0.00 | 1.69M | 10.97M | 5.01M |
| Net Income | -900.34K | -2.44M | -20.37M | 2.35M | 3.60M | 852.66K |
Balance Sheet | ||||||
| Total Assets | 5.89M | 8.26M | 10.23M | 33.96M | 33.77M | 29.18M |
| Cash, Cash Equivalents and Short-Term Investments | 152.67K | 775.29K | 1.99M | 1.35M | 397.31K | 2.19M |
| Total Debt | 138.18K | 189.36K | 1.28M | 3.06M | 2.53M | 4.75M |
| Total Liabilities | 1.38M | 2.30M | 3.44M | 7.00M | 9.47M | 9.52M |
| Stockholders Equity | 6.18M | 5.95M | 6.79M | 26.96M | 24.29M | 19.66M |
Cash Flow | ||||||
| Free Cash Flow | -468.85K | 109.42K | 3.86M | 122.56K | 3.38M | 556.35K |
| Operating Cash Flow | -468.85K | 109.42K | 10.10M | 8.71M | 9.11M | 4.83M |
| Investing Cash Flow | -727.35K | -1.29M | -6.24M | -3.70M | -5.57M | -15.43M |
| Financing Cash Flow | 849.26K | 562.37K | -1.82M | -2.95M | -4.96M | 11.78M |
United Oil & Gas Plc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
56 Neutral | £3.44M | -3.98 | -2.88% | ― | ― | ― | |
47 Neutral | £11.72M | -3.83 | -7.32% | ― | ― | ― | |
44 Neutral | £5.49M | -2.25 | -16.07% | ― | ― | ― | |
43 Neutral | £3.04M | ― | ― | ― | ― | ― | |
34 Underperform | £10.08M | -18.42 | -13.06% | 55.43% | 14.40% | 26.92% |
United Oil & Gas Plc Corporate Events
United Oil & Gas has extended the expiry dates of two large tranches of existing warrants, covering roughly 166.7 million warrants at £0.0028 and 320 million warrants at £0.0015 per share, from 31 December 2025 to 24 April 2026, with all other terms unchanged. The move is designed to align potential warrant exercises with key near-term operational milestones, notably an upcoming piston coring survey offshore Jamaica expected to deliver results in early Q1 2026, signalling the company’s intent to maintain financial flexibility and investor alignment as it advances its high-impact exploration and UK development portfolio.
United Oil & Gas Plc has awarded 332,361,111 share options under its updated unapproved share option scheme. This move, which includes significant allocations to key executives, aims to align management incentives with shareholder value creation by tying the vesting of options to a substantial increase in the company’s share price. The issuance of these options represents approximately 9.19% of the company’s current issued share capital, with the exercise price set at £0.0018 per share. The awards are considered fair and reasonable by the company’s independent directors.
United Oil & Gas Plc has signed a contract with TDI Brooks International for the R/V Gyre survey vessel to conduct a piston coring and surface geochemical programme on the Walton Morant Licence offshore Jamaica. This initiative is a significant step in supporting ongoing farm-out discussions and shareholder value creation, as it aims to confirm the presence of hydrocarbons and de-risk the basin. The survey, expected to start in December 2025 and last two to three weeks, will provide critical data for basin modelling and enhance the definition of key prospects. United remains committed to supporting Jamaica’s energy development and recovery efforts following a recent hurricane.
United Oil & Gas Plc announced that all resolutions were passed at its General Meeting, enabling the completion of a conditional fundraising. This will result in the issuance of 1,552,532,979 new ordinary shares, with trading expected to commence on AIM on 28 October 2025. The company’s total issued share capital will increase to 4,065,855,202 ordinary shares, impacting shareholder voting rights and potentially influencing investor interest.
United Oil & Gas Plc has appointed David Williams as a Non-Executive Director, bringing over two decades of experience in investment management, capital markets, and corporate strategy. His expertise is expected to provide valuable insights into capital allocation, risk management, and shareholder value creation, aligning with United’s strategy and growth ambitions. This appointment is seen as a strong endorsement of the company’s future plans and is anticipated to play a crucial role as United enters a new phase of development, aiming to unlock significant opportunities and create lasting value for shareholders.
United Oil & Gas Plc announced that CEO Brian Larkin will provide a live presentation on the Jamaica Piston Coring project via the Investor Meet Company platform. This presentation is accessible to existing and potential shareholders, highlighting the company’s commitment to transparency and engagement with its stakeholders. The initiative reflects United Oil & Gas’s strategic focus on leveraging its exploration asset in Jamaica, which could significantly impact its operational growth and industry positioning.
United Oil & Gas PLC has published a Piston Core Presentation on its website, detailing the upcoming piston coring and surface geochemical survey on the Walton Morant licence in Jamaica. This survey is a critical step in advancing technical understanding and supporting ongoing farmout discussions. The programme will involve collecting shallow seabed cores to test for thermogenic hydrocarbons, which could indicate a working petroleum system within the Walton Morant Basin. This development is expected to strengthen United’s position in farmout discussions and unlock value for shareholders.
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.
United Oil & Gas PLC has announced the posting of a shareholder circular and notice of a general meeting to discuss resolutions related to a conditional fundraising of approximately £2.33 million. This fundraising is crucial for the company to proceed with a piston core survey, which is vital for fulfilling its long-term exploration and appraisal programme. Failure to secure these funds could adversely affect the company’s operations, financial condition, and ability to meet existing commitments, potentially leading to the suspension or withdrawal of its licences.
United Oil & Gas Plc has announced a conditional fundraising initiative to raise approximately £2.33 million through the issuance of new ordinary shares, subject to shareholder approval. The funds will support the company’s piston coring program at the Walton Morant Licence in Jamaica, which aims to increase the Geological Chance of Success at key prospects and strengthen the company’s technical and commercial position for future partnerships.