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United Oil & Gas Plc ( (GB:UOG) ) just unveiled an update.
United Oil & Gas PLC has announced the posting of a shareholder circular and notice of a general meeting, following previous announcements regarding a conditional fundraising of £700,000. The general meeting, scheduled for January 8, 2025, will involve voting on resolutions related to the fundraising, which aims to provide additional working capital for the Jamaican farmout and other financial obligations. The directors of United recommend shareholders vote in favor of the resolutions, as securing these funds is deemed crucial for the continuation and growth of the company’s operations.
More about United Oil & Gas Plc
United Oil & Gas is an oil and gas company with a development asset in the UK and a high impact exploration license in Jamaica. It is led by an experienced management team with a strong track record of growing full cycle businesses, partnered with established industry players. The company aims to deliver future growth through portfolio optimization and targeted acquisitions. United Oil & Gas is listed on the AIM market of the London Stock Exchange.
YTD Price Performance: -80.0%
Average Trading Volume: 36,612,037
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £1.39M
Find detailed analytics on UOG stock on TipRanks’ Stock Analysis page.
