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
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United Oil&gas (UOG)