United Oil & Gas up as says “highly encouraged” as Jamaica seismic programme completes
The 3D seismic programme included the 200mln barrel Colibri target as well as multiple others like it.
Company
LON:UOG
United Oil & Gas is a full-cycle 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.
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The 3D seismic programme included the 200mln barrel Colibri target as well as multiple others like it.
FTSE 250 fared better though closing ahead by around 15 points at 20,800.
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A round-up of some of the major oil and gas stories published on Proactive's newswire this week
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at some of the biggest risers and fallers in London on Thursday.
Drilling off England's south coast is seen as a significant upcoming potential catalyst for the explorer
Investments and investor services
Wall Street recovered from earlier lows but still remain in negative territory
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Well updates, executive interviews and financial results statements provided this week's highlights.
An exploration well off the South Coast could be worth 8.8p per share to United, that's what Optiva says
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A glance at some of the day's highlights from the Proactive Investors newswire
An exploration well is slated for the coming months, with Colter targeting a "mini Wytch Farm"
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Its been a particularly busy week in the sector, with deals and drilling providing the major catalysts.
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the highlight movers, up and down, in London
The new cash is earmarked for catalyst rich programmes in the UK and Jamaica
Shire shares propped up the rest of the Footsie leader-board despite Takeda unveiling an improved offer for the drugs maker
It was another busy week for the small cap oil and gas sector.
Archive
A glance at some of the day's highlights from the Proactive Investors newswire