United Oil & Gas PLC - Update on 31st Licensing Round
1st November, 2019
Update on 31st Licensing Round
In addition to the 31st Round licences that United was awarded in the
Blocks 98/11b and 98/12 as now offered do not fit with the joint venture group's strategy for developing Licence P1918. As a result, the Company, as part of the joint venture group, has decided not to accept the petroleum licence offered over the remaining, seaward parts of blocks 98/11b and 98/12. Note that this does not affect the existing Colter and Colter South Discoveries in Block 98/11a (Licence P1918).
"The decision to turn down these amended petroleum licences over Blocks 98/11b and 98/12 is the correct one. Should the opportunity arise in the future to bid for the areas adjoining Colter South we will examine that very closely.
"Overall, the 31st Licensing Round has been very successful for United, with the award of four highly prospective blocks in the
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
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Notes to Editors
This information is provided by RNS, the news service of the
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