Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Research Note on Maria

8 Jul 2022 07:00

RNS Number : 7501R
United Oil & Gas PLC
08 July 2022
 

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 

 

 

Enquiries

 

United Oil & Gas Plc (Company)

Brian Larkin, CEO

brian.larkin@uogplc.com

Sharan Dhami, Head of IR & ESG

sharan.dhami@uogplc.com

Beaumont Cornish Limited (Nominated Adviser)

Roland Cornish | Felicity Geidt

+44 (0) 20 7628 3396

 

Tennyson Securities (Joint Broker)

Peter Krens

+44 (0) 020 7186 9030

 

Optiva Securities Limited (Joint Broker)

Christian Dennis

+44 (0) 20 3137 1902

Camarco (Financial PR)

Georgia Edmonds | James Crothers | Sam Morris

+44 (0) 20 3757 4983 |uog@camarco.co.uk

 

 

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 

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NRABKOBNPBKDOOK

Related Shares

Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

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.