Research Note on Maria
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 .
ENDS
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Enquiries
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United Oil & Gas Plc (Company) |
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Brian Larkin, CEO |
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Sharan Dhami, Head of IR & ESG |
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Beaumont Cornish Limited (Nominated Adviser) |
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Roland Cornish | Felicity Geidt |
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+44 (0) 20 7628 3396 |
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Tennyson Securities (Joint Broker) |
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Peter Krens |
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+44 (0) 020 7186 9030 |
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Optiva Securities Limited (Joint Broker) |
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Christian Dennis |
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+44 (0) 20 3137 1902 |
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Camarco (Financial PR) |
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Georgia Edmonds | James Crothers | Sam Morris |
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+44 (0) 20 3757 4983 | uog@camarco.co.uk
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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
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