United Oil&gas Regulatory News (UOG)

United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas

8 July 2022

United Oil and Gas Plc

("United" "the Group" or the "Company")

Reach Announcement

Research Note on Maria

United Oil & Gas Plc (AIM: "UOG"), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets is pleased to note the publication of a new research note by Optiva Securities Limited on the Company's Maria discovery, located in the Outer Moray Firth Basin in the Central North Sea.

In the note, Optiva Securities Limited value the Maria discovery at £33.5 million or 5.2p per share on a risked basis, or £109.1 million or 14.0p per share on an unrisked basis. The full note and valuation can be accessed using the following link: https://www.uogplc.com/wp-content/uploads/2022/07/United_Oil_and_Gas_Note_June_2022.pdf .

ENDS 

Notes to Editors

United Oil & Gas is a high growth oil and gas company with a portfolio of low-risk, cash generative production, development, appraisal and exploration assets across Egypt, UK and a high impact exploration licence in Jamaica.

The business is led by an experienced management team with a strong track record of growing full cycle businesses, partnered with established industry players and is well positioned to deliver future growth through portfolio optimisation and targeted acquisitions.

United Oil & Gas is listed on the AIM market of the London Stock Exchange. For further information on United Oil and Gas please visit www.uogplc.com