If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them 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
13 Jan 2022 19:36

TRADING UPDATES: Ideagen profit soars; Enwell annual production up

TRADING UPDATES: Ideagen profit soars; Enwell annual production up

Read more
29 Dec 2021 11:52

United Oil & Gas completes all five wells in 2021 drilling programme

United Oil & Gas completes all five wells in 2021 drilling programme

Read more
29 Dec 2021 10:53

United Oil reports commercial net pay in latest Abu Sennan well

(Sharecast News) - United Oil & Gas updated the market on the drilling of the Al Jahraa-13 development well in the Abu Sennan licence, onshore Egypt on Wednesday.

Read more
29 Dec 2021 10:52

AIM WINNERS & LOSERS: Cadence signs deal; Iofina sees strong demand

AIM WINNERS & LOSERS: Cadence signs deal; Iofina sees strong demand

Read more
29 Dec 2021 09:05

IN BRIEF: United Oil & Gas's Al Jahraa well to be brought onstream

IN BRIEF: United Oil & Gas's Al Jahraa well to be brought onstream

Read more
12 Nov 2021 19:19

TRADING UPDATES: Tufton raises USD39 million; Engage wins new contract

TRADING UPDATES: Tufton raises USD39 million; Engage wins new contract

Read more
12 Nov 2021 15:53

United Oil announces spudding of latest well at Abu Sennan

(Sharecast News) - United Oil & Gas announced the spudding of the Al Jahraa-13 development well in the Abu Sennan licence, onshore Egypt on Friday.

Read more
19 Oct 2021 14:48

TRADING UPDATES: Base Resources output up; Carnival closes credit line

TRADING UPDATES: Base Resources output up; Carnival closes credit line

Read more
11 Oct 2021 11:25

TRADING UPDATES: Treatt, Science Group on track to report strong years

TRADING UPDATES: Treatt, Science Group on track to report strong years

Read more
4 Oct 2021 20:19

IN BRIEF: United Oil & Gas considering position on P2366 licence sale

IN BRIEF: United Oil & Gas considering position on P2366 licence sale

Read more
28 Sep 2021 11:42

IN BRIEF: United Oil & Gas revenue and profit rise in the first half

IN BRIEF: United Oil & Gas revenue and profit rise in the first half

Read more
21 Sep 2021 19:42

TRADING UPDATES: Meggitt shareholders approve Parker-Hannifin takeover

TRADING UPDATES: Meggitt shareholders approve Parker-Hannifin takeover

Read more
7 Sep 2021 14:59

TRADING UPDATES: Marlowe buys Santia; Gaming Realms notes new launch

TRADING UPDATES: Marlowe buys Santia; Gaming Realms notes new launch

Read more
6 Sep 2021 14:26

IN BRIEF: United Oil & Gas lowers output guidance at Egyptian licence

IN BRIEF: United Oil & Gas lowers output guidance at Egyptian licence

Read more
16 Aug 2021 12:10

TRADING UPDATES: Clipper in John Lewis deal; Immotion's record July

TRADING UPDATES: Clipper in John Lewis deal; Immotion's record July

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.