RCS - United Oil & Gas PLC - Research Note on Maria

United Oil & GasAnnouncement

08/07/2022 07:00

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RNS Number : 7501R  United Oil & Gas PLC  08 July 2022

United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas

8 July 2022

United Oil and Gas Plc

("United" "the Group" or the "Company")

Reach Announcement

Research Note on Maria

 

United Oil & Gas Plc (AIM: "UOG"), the growing oil and gas company with
a portfolio of production, development, exploration and appraisal assets is
pleased to note the publication of a new research note by Optiva Securities
Limited on the Company's Maria discovery, located in the Outer Moray Firth
Basin in the Central North Sea.

 

In the note, Optiva Securities Limited value the Maria discovery at £33.5
million or 5.2p per share on a risked basis, or £109.1 million or 14.0p per
share on an unrisked basis. The full note and valuation can be accessed using
the following link:
https://www.uogplc.com/wp-content/uploads/2022/07/United_Oil_and_Gas_Note_June_2022.pdf
(https://www.uogplc.com/wp-content/uploads/2022/07/United_Oil_and_Gas_Note_June_2022.pdf)
.

 

 

ENDS

 

 

 Enquiries

 United Oil & Gas Plc (Company)
 Brian Larkin, CEO                                      brian.larkin@uogplc.com (mailto:brian.larkin@uogplc.com)
 Sharan Dhami, Head of IR & ESG                         sharan.dhami@uogplc.com (mailto:sharan.dhami@uogplc.com)

 Beaumont Cornish Limited (Nominated Adviser)
 Roland Cornish | Felicity Geidt                        +44 (0) 20 7628 3396

 Tennyson Securities (Joint Broker)
 Peter Krens                                            +44 (0) 020 7186 9030

 Optiva Securities Limited (Joint Broker)
 Christian Dennis                                       +44 (0) 20 3137 1902

 Camarco (Financial PR)
 Georgia Edmonds  |  James Crothers  | Sam Morris       +44 (0) 20 3757 4983  |uog@camarco.co.uk (mailto:uog@camarco.co.uk)

 

Notes to Editors

United Oil & Gas is a high growth 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.

United Oil & Gas is listed on the AIM market of the London Stock
Exchange. For further information on United Oil and Gas please
visit www.uogplc.com (http://www.uogplc.com)

 

 

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