FTSE 100 closes positively, just, but miners weigh
The blue-chip benchmark closed up around three points at 7,034, with the big cap miners lagging
Company
United Oil & Gas PLC
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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United Oil & Gas is moving quickly, adding shareholder value with a two-track growth strategy
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
United Oil & Gas extends option over additional farmed interest in southern UK oil and gas assets
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
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United Oil & Gas seals farm-in to Tullow’s Jamaica exploration venture
United will now have 20% of the Tullow Oil operated exploration project
United Oil and Gas shares rise on share placing and well progress
“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”