Italian Operational Update

RNS Number : 9176X

United Oil & Gas PLC

30 November 2017

 

                                                                                                                        30 November 2017

United Oil & Gas Plc

 ("UOG", "United" or the "Company")

Italian Operational Update

United Oil & Gas Plc ("UOG", "United" or the "Company"), the London Stock Exchange listed oil and gas exploration and development company, is pleased to offer the following update on the Podere Gallina Licence.

United is pleased to confirm that the operator, Po Valley Energy, has successfully completed first casing run in hole and cementing of Podere Maiar-1 and drilling is ahead from 500m to target depth of 1,300m.

Target depth is expected to be reached in approximately 6-8 days.

United holds a 20% non operated stake in the Podere Gallina Licence.

ENDS

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

For more information please visit the Company's website at www.uogplc.com or contact:

United Oil & Gas Plc (Company)
Brian Larkin	[e-mail]
Optiva Securities Limited (Broker)
Christian Dennis	[phone]
Beaumont Cornish Limited (Financial Adviser)
Roland Cornish and Felicity Geidt	[phone]
Murray (PR Advisor)	[phone]
Joe Heron	[e-mail]

Editor's Note:

About United Oil & Gas

United Oil & Gas plc (UOG) is listed on the main market of the London Stock Exchange.  United was established to explore, appraise and develop low risk assets in Europe and North Africa and to develop higher risk, higher impact exploration projects in Latin America and Africa.

The following table outlines the company's licences.

Country	Licence	Operator	United Holding
Italy	Podere Gallina Licence	Po Valley Energy	20%
United Kingdom	Waddock Cross Field	Egdon Oil Plc	26.25%
United Kingdom	PL090 Exploration	Egdon Oil Plc	18.95%
Jamaica	Walton-Morant	Tullow Oil plc	20%

 

END

 

 

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