Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video 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: 0.245
Bid: 0.24
Ask: 0.25
Change: 0.005 (2.08%)
Spread: 0.01 (4.167%)
Open: 0.25
High: 0.25
Low: 0.245
Prev. Close: 0.245
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
7 Feb 2019 10:28

United Oil & Gas, Prospex Get Milestone Estimate For Selva Field

LONDON (Alliance News) - United Oil & Gas PLC and Prospex Oil & Gas PLC on Thursday said a maiden reserve estimate for an Italian gas field is a milestone for both firms.A competent

Read more
6 Feb 2019 11:23

United Oil & Gas And Baron Oil Report Spudding Of Colter Well

LONDON (Alliance News) - United Oil & Gas PLC and Baron Oil PLC on Wednesday reported the spudding of the Colter well, located in the Wytch Farm offshore UK.Both companies have been of

Read more
15 Jan 2019 10:28

United Oil And Prospex Secures Approval For Italian Gas Field

LONDON (Alliance News) - United Oil & Gas PLC and Prospex Oil & Gas PLC said Tuesday they have been granted preliminary approval for the production concession application to develop the in

Read more
15 Jan 2019 10:02

United Oil & Gas upbeat as Selva Field given preliminary approval

(Sharecast News) - Exploration and development company United Oil & Gas announced on Tuesday that it has been advised by the operator, Po Valley Energy, that the production concession application to develop the Selva Gas Field, onshore Italy, has been granted preliminary approval by the Italian government.

Read more
19 Dec 2018 11:35

United Oil & Gas awaits mobilisation of drilling unit to Colter well

(Sharecast News) - Exploration and development outfit United Oil & Gas has seen the Ensco 72 jack-up drilling unit contracted to dill the Colter appraisal well mobilise to the Wick prospect drilling location.

Read more
28 Sep 2018 12:25

Wick, Colter Prospect Investees Note Drilling Rig Deal By Corallian

LONDON (Alliance News) - Reabold Resources PLC on Friday noted Corallian Energy Ltd's signing of a rig to drill the Wick and Colter prospects offshore UK.Reabold has a 33% interest in a

Read more
18 Sep 2018 12:43

United Oil raises £3m for new investments through oversubscribed placing

(Sharecast News) - Exploration and development company United Oil & Gas has raised £3m via an oversubscribed placing and subscription with existing and new investors, it announced on Tuesday.

Read more
18 Sep 2018 12:39

United Oil & Gas Interim Loss Widens, Raises GBP3 Million Via Placing (ALLISS)

LONDON (Alliance News) - United Oil & Gas PLC said Tuesday its loss for the first half of the year widened as it prepares for an "exciting 2018".For the six months to June 30,

Read more
23 Aug 2018 10:12

United Oil & Gas Looking For Partners As It Confirms Block Awards

LONDON (Alliance News) - United Oil & Gas PLC shares rose on Thursday as the company confirmed it has been awarded two new blocks in the UK North Sea.Blocks 15/18d and 15/19b have of up

Read more
23 Aug 2018 08:37

United Oil and Gas confirms award of two 'highly prospective' North Sea blocks

(Sharecast News) - London-listed exploration and development company United Oil and Gas has been awarded two 'highly prospective' North Sea blocks.

Read more
13 Aug 2018 13:19

United Oil & Gas Says Tullow Delivers New 3D Survey Of Walton-Morant

LONDON (Alliance News) - Exploration company United Oil & Gas PLC said the Walton-Morant licence operator Tullow Jamaica Ltd delivered a fast track version of a recently acquired 3D seismic a

Read more
25 Jul 2018 13:11

Colter And Wick Prospect Partners Sign-Off On Expenditure

LONDON (Alliance News) - Baron Oil PLC, Reabold Resources PLC and Upland Resources Ltd on Wednesday signed authorisation for expenditures for the Wick well, located in the North Baron Oil, Reabold

Read more
18 Jun 2018 15:58

UK Shareholder Meetings Calendar - Next 7 Days

Tuesday 19 JuneEvrazMetals ExplorationHC SlingsbyTrinity Exploration & In Direct

Read more
29 May 2018 12:09

UPDATE: Prospex Notes Po Valley's Application For New Italy Gas Field

LONDON (Alliance News) - Prospex Oil and Gas PLC said Tuesday that Po Valley Energy Ltd has submitted a production concession application for developing a new high return gas field in northern the

Read more
15 May 2018 12:59

Reabold Resources Investee Corallian Inks Pact For Drilling 2 UK Wells

LONDON (Alliance News) - Reabold Resources PLC said Tuesday that investee Corallian Energy Ltd has signed a preliminary agreement with Ensco UK to secure a jack-up drilling unit for Colter and to

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.