The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksUnited Oil&gas Share News (UOG)

Share Price Information for United Oil&gas (UOG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.185
Bid: 0.18
Ask: 0.19
Change: 0.00 (0.00%)
Spread: 0.01 (5.556%)
Open: 0.185
High: 0.185
Low: 0.185
Prev. Close: 0.185
UOG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AIM WINNERS & LOSERS: Jersey Oil & Gas agrees farm-out at Buchan

Thu, 23rd Nov 2023 10:58

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

----------

AIM - WINNERS

----------

Jersey Oil & Gas PLC, up 22% at 239.8 pence, 12-month range 146p-336p. The upstream oil and gas company focused on the UK Continental Shelf region of the North Sea agrees to farm-out a 30% interest in the Greater Buchan Area licenses to Serica Energy UK Ltd. Once complete, it will hold a 20% interest in the licenses, and a fully carry on the capital expenditure needed to bring the Buchan field to production. Says the terms are identical to those completed with Neo Energy earlier this year. The combined cash payments from the two farm-outs will be over USD18 million, with a further USD20 million due once the field development plan is approved. "We are thoroughly delighted to announce the farm-out transaction with Serica Energy. Not only does it bring a further high-quality partner into the joint venture, but it unlocks exceptional value for the company and delivers upon our overall objectives for the GBA farm-out strategy," says Andrew Benitz, JOG's CEO. Serica Energy PLC rises 2.4%.

----------

Windward Ltd, up 11% at 73.2p, 12-month range 33p-80p. The Tel Aviv, Israel-based maritime predictive intelligence company wins a EUR3.2 million contract with a new European national coastguard customer for a five-year term. Expects the fee to be paid up front in full, which will help bolster its cash position. Says the contract will see its maritime artificial intelligence technology used to "protect against the increasing sophistication of maritime bad actors". Adds that it's trading in line with market expectations, and its offices within Israel remain fully operational.

----------

AIM - LOSERS

----------

United Oil & Gas PLC, down 19% at 0.79p, 12-month range 0.7p-2.2p. The oil and gas company focused on Egypt and Jamaica says its preferred potential partner no longer wishes to pursue discussions about participating in its Walton Morant license in Jamaica. It will now focus on other interested parties, noting the "recent positive interest" in the license from potential partners. Also says it is engaging with the country's authorities about securing extensions to its license period, which expires at the end of January. Will update in due course.

----------

By Elizabeth Winter, Alliance News deputy news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
22 Jan 2020 10:49

United Oil & Gas Pleased With Performance Of Egyptian Asset

United Oil & Gas Pleased With Performance Of Egyptian Asset

Read more
14 Jan 2020 13:16

United Oil, Tullow Extend "Drill Or Drop" Pact For Jamaican Project

United Oil, Tullow Extend "Drill Or Drop" Pact For Jamaican Project

Read more
18 Dec 2019 12:41

United Oil & Gas Says Rockhopper Update Vindicates Egypt Purchase

United Oil & Gas Says Rockhopper Update Vindicates Egypt Purchase

Read more
16 Dec 2019 16:03

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
9 Dec 2019 14:24

United Oil & Gas Raises USD6.3 Million To Help Buy Rockhopper Egypt

United Oil & Gas Raises USD6.3 Million To Help Buy Rockhopper Egypt

Read more
9 Dec 2019 10:20

United Oil updates market on proposed Rockhopper Egypt purchase

(Sharecast News) - United Oil & Gas published its circular comprising an admission document relating to the proposed acquisition of Rockhopper Egypt, and to the readmission of its ordinary shares to trading on AIM on Monday.

Read more
9 Dec 2019 10:20

United Oil updates market on proposed Rockhopper Egypt purchase

(Sharecast News) - United Oil & Gas published its circular comprising an admission document relating to the proposed acquisition of Rockhopper Egypt, and to the readmission of its ordinary shares to trading on AIM on Monday.

Read more
1 Nov 2019 12:12

UPDATE: United Energy Backs Call To Not Accept UK Petroleum Licence

UPDATE: United Energy Backs Call To Not Accept UK Petroleum Licence

Read more
7 Oct 2019 16:01

UPDATE: Polo Resources Investee Buys Two United Oil North Sea Blocks

UPDATE: Polo Resources Investee Buys Two United Oil North Sea Blocks

Read more
7 Oct 2019 14:12

United Oil & Gas Progresses On Egyptian Deal, Sells 2 North Sea Blocks

United Oil & Gas Progresses On Egyptian Deal, Sells 2 North Sea Blocks

Read more
26 Sep 2019 12:58

United Oil & Gas Excited As It Looks To Complete Rockhopper Deal

United Oil & Gas Excited As It Looks To Complete Rockhopper Deal

Read more
9 Sep 2019 13:09

United Oil & Gas Confirms Award Of Four UK North Sea Blocks

(Alliance News) - United Oil & Gas Ltd said Monday it has accepted the formal offer from the Oil & Gas Authority for the awarding of four blocks in the UK North Sea in the UK 31st offshore

Read more
7 Aug 2019 14:24

Rockhopper Says USD16 Million Sale Of Egypt Unit Close To Completion

(Alliance News) - Rockhopper Exploration PLC said on Wednesday that the sale of its Egypt unit to United Oil & Gas PLC will be completed in the fourth quarter of 2019.United Oil & a

Read more
23 Jul 2019 11:30

United Oil & Gas Agrees "Transformational" Acquisition In Egypt

(Alliance News) - Shares in United Oil & Gas PLC were suspended on Tuesday as it announced a "truly transformational" acquisition from oil and gas explorer Rockhopper Exploration is

Read more
17 Jul 2019 12:40

United Oil & Gas Proposes USD5 Million Sale Of Two North Sea Blocks

(Alliance News) - Exploration firm United Oil & Gas PLC said Wednesday it proposed to sell two North Sea blocks to Anasuria Hibiscus UK Ltd for USD5 million.United and Anasuria have in

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.