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

Share Price Information for United Oil&gas (UOG)

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Share Price: 0.185
Bid: 0.18
Ask: 0.19
Change: 0.00 (0.00%)
Spread: 0.01 (5.556%)
Open: 0.185
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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.

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AIM - WINNERS

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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%.

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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.

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AIM - LOSERS

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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.

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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
1 Jun 2023 12:07

IN BRIEF: United Oil & Gas hails 'successful' ASD-3 well test in Egypt

United Oil & Gas PLC - London-based oil and gas company with projects in Egypt, Italy and UK - Announces update on testing of ASD-3 development well in Abu Sennan licence onshore Egypt. Says 12.5 metres of net oil pay interpreted across the primary Abu Roash reservoir targets. 730 barrels of oil per day gross were achieved on a test from the Abu Roash E reservoir, and 684 bopd gross from the Abu Roash C reservoir. "This result has positive implications for the in-place volumes and future potential of the ASD Field," firm says.

Read more
31 May 2023 15:47

UK shareholder meetings calendar - next 7 days

Thursday 1 June 
Ecofin US Renewables Infrastructure Trust PLCAGM
Martin Currie Global Portfolio Trust PLCAGM
Middlefield Canadian Income PCCAGM
Northcoders Group PLCAGM
PageGroup PLCAGM
Rurelec PLCGM re Argentinian interest sale to Verafont, Basic Energy, & Esteban Reynal
Tanfield Group PLCAGM
Friday 2 June 
Cap-XX LtdGM re fundraising
Conduity Capital PLCGM re future direction of the company
Kibo Energy PLCEGM re renewal of director authorisations to issue shares
Mirriad Advertising PLCGM re new ordinary shares admitted to trading on AIM
Purplebricks Group PLCGM re proposed sale of business & assets to Strike Ltd
Monday 5 June 
EnQuest PLCAGM
Tuesday 6 June 
Billington Holdings PLCAGM
Mast Energy Developments PLCAGM
NB Global Monthly Income Fund LtdAGM
Tasty PLCAGM
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Wednesday 7 June 
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Gulf Marine Services PLCAGM
Hostmore PLCAGM
LXi REIT PLCAGM
Pennant International Group PLCAGM
Third Point Investors LtdAGM
United Oil & Gas PLCAGM
Xpediator PLCGM re takeover by DLM Bidco
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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18 May 2023 12:07

United Oil & Gas extends long stop date of North Sea licence sale

(Alliance News) - United Oil & Gas PLC on Thursday said it has agreed to extend the long stop date of its sale of the UK Central North Sea Licence P2519 to Quattro Energy Ltd.

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27 Apr 2023 18:24

EARNINGS SUMMARY: Brave Bison profit multiplies, Novacyt loss widens

(Alliance News) - The following is a round-up of earnings updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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17 Apr 2023 12:10

IN BRIEF: United Oil & Gas extends longstop date of asset licence sale

United Oil & Gas PLC - London-based oil and gas company with projects in Egypt, Italy and the UK - Extends longstop date for the sale of UK Central North Sea licence P2519, which contains the Maria discovery in block 15/18e, to Quattro Energy Ltd. New longstop date is May 17, extended from April 16, to allow additional time for the asset purchase agreement conditions required for completion to be satisfied. Says a further update will be provided to the market in due course.

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17 Apr 2023 12:05

IN BRIEF: United Oil & Gas extends longstop date of asset licence sale

United Oil & Gas PLC - London-based oil and gas company with projects in Egypt, Italy and the UK - Extends longstop date for the sale of UK Central North Sea licence P2519, which contains the Maria discovery in block 15/18e, to Quattro Energy Ltd. New longstop date is May 17, extended from April 16, to allow additional time for the asset purchase agreement conditions required for completion to be satisfied. Says a further update will be provided to the market in due course.

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4 Apr 2023 11:38

United Oil jumps on progress at Egypt's Abu Sennan

(Sharecast News) - United Oil & Gas updated the market on its operations in the Abu Sennan licence onshore Egypt on Tuesday, in which it holds a 22% non-operating interest alongside operator Kuwait Energy Egypt.

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4 Apr 2023 11:26

United Oil & Gas shares jump on well spud at Abu Sennan in Egypt

(Alliance News) - United Oil & Gas PLC on Tuesday said that operations at the Abu Sennan licence are progressing well, as drilling begins at the ASD-3 development well.

Read more
4 Apr 2023 10:24

AIM WINNERS & LOSERS: Light Science shares plummet on fundraise

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

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21 Mar 2023 10:57

United Oil & Gas begins production at ASH-8 development well in Egypt

(Alliance News) - United Oil & Gas PLC on Tuesday said it has commenced production at the ASH-8 development well in the Abu Sennan licence, onshore Egypt.

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28 Feb 2023 14:33

TRADING UPDATES: Celsius hails MCB assays; Brandshield revenue rises

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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27 Jan 2023 21:13

TRADING UPDATES: Flowtech revenue up; Velocys meets expectations

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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17 Jan 2023 21:40

TRADING UPDATES: Future Metals in JV; Gunsynd sells stake in investee

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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13 Jan 2023 08:16

United Oil & Gas says resources audit shows value of Maria discovery

(Alliance News) - United Oil & Gas PLC on Thursday announced the results of an independent contingent resources audit conducted by Gaffney, Cline & Associates Ltd for its Maria discovery in the UK central North Sea.

Read more
4 Jan 2023 17:00

LONDON MARKET CLOSE: Miners, oil majors limit gains for FTSE 100

(Alliance News) - The FTSE 100 underperformed on Wednesday, weighed down by oil and mining stocks, but other European indices rallied.

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