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

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

Mon, 04th Oct 2021 20:19

United Oil & Gas PLC - producer and explorer in the Mediterranean, Caribbean and Latin America - Says it is "considering its position" on P2366 licence sale after Hibiscus Petroleum Berhad said the licence terminated last week. However, Hibiscus says it remains committed to working with the UK Oil & Gas Authority to move the North Sea Quad 15 area development forward.

Current stock price: 2.86 pence, up 7.9% on Monday

Year-to-date change: down 5.6%

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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