logo-loader
United Oil & Gas PLC

United Oil delivering on strategy as it achieves ‘excellent’ outcome from Crown sale

United Oil & Gas PLC's (LON:UOG) Brian Larkin speaks to Proactive London's Andrew Scott after announcing they've signed heads of terms to sell two blocks in the North Sea to Anasuria Hibiscus UK Limited for up to US$5mln.

It includes the Crown Discovery that was initially discovered by energy giant ConocoPhilips in 1998.

Larkin says the work UOG's technical team put in to develop the licence has delivered an excellent outcome for them and on completion should see them realise a significant return.

Quick facts: United Oil & Gas PLC

Price: £0.04

Market: AIM
Market Cap: £14 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of United Oil & Gas PLC named herein, including the promotion by the Company of United Oil & Gas PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Rockhopper Egypt was easily the best deal we looked at, says United Oil's Larkin

Brian Larkin, United Oil & Gas’ (LON:UOG) chief executive, says the deal to buy Rockhopper Exploration’s Egyptian assets is the transformational deal it promised. It was easily the best deal it saw and United looked at a lot, he says At a cost of US$16mln, United gets net...

3 weeks, 6 days ago

2 min read