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A look at some of the biggest risers and fallers in London on Wednesday
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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Investments and investor services
A look at some of the biggest risers and fallers in London on Wednesday
"We are very pleased with progress to date on our Jamaica licence and we look forward to seeing the initial results,” said chief executive Brian Larkin
The blue-chip benchmark closed up around three points at 7,034, with the big cap miners lagging
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United is growing its oil and gas business through relatively low-risk assets in Europe, meanwhile, big-bang exploration offshore Jamaica could prove to be a game changer
The company pointed out that the option, which expired at the end of March 2018, has been renewed to the end of April 2018 on the same terms whilst the company awaits the transfer of the assigned initial interest from the UK Oil and Gas Aut
Investments and investor services
A look at some of the biggest risers and fallers in London on Tuesday
This week saw a UK gas shortage, new discoveries, and share placings
United will now have 20% of the Tullow Oil operated exploration project
“The proceeds of this placing will be used to advance potential near-term acquisitions and farm-in opportunities and also ensures that our company has a solid cash platform to move our company forward in 2018”