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Proactive weekly oil & gas highlights: Greatland Gold, Regency Mines, Base Resources...
There were some significant deals for small cap energy companies this week
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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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There were some significant deals for small cap energy companies this week
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A glance at some of the day's highlights from the Proactive Investors newswire
"This is a truly transformational deal for United,” said Brian Larkin, chief executive.
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A look back at some of the top news from London’s oilers over the past week…
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A glance at some of the day's highlights from the Proactive Investors newswire
"Our primary goal as a management team is to deliver value for our shareholders,” UOG chief executive Brian Larkin said.
Optiva analyst Barney Gray said "our unrisked valuation for United is over 51p per share at this stage, representing major potential upside to the company"
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
On Wall Street, stocks were heading higher, through albeit with not much gusto
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There was the usual mix of project updates and results statements.
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A glance at some of the day's highlights from the Proactive Investors newswire
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A look at some of the biggest risers and fallers in London on Wednesday
“The low-risk exploration we have added in the North Sea blocks is significant in its own right, but also adds value to our neighbouring Crown licence," said Jonathan Leather, United's chief operating officer.
Investments and investor services
The UK blue-chip share index finished up around four points at 7,218
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Management changes, fundraisings, and financial results were among the highlights this week in the small cap oil and gas sector 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 the day's major movers, including Karelian, UniVision, Cambria Africa, Bagir, Nautilus Marine, Stride Gaming and Patagonia Gold
“We are building a team that will enable United to fulfil the undoubted potential of our asset base and to further grow this company," said Brian Larkin.
Investments and investor services
The Dow Jones suffered a 300 point fall in the first half hour of trading