United Oil & Gas plc has issued a total of 1,552,532,979 new ordinary shares of £0.00001 each in a £2.33 million fundraise, following shareholders’ approval in a general meeting. TVRs Each share from the 7 October conditional fundraise has one warrant attached, valid for 12 months from the date of issue. On admission the company’s […]
Tag: United Oil & Gas plc
United appoints David Williams as NED
United Oil & Gas plc has appointed David Williams as an independent non-executive director, with immediate effect. Mr Williams has more than 20 years’ experience in investment management capital markets and corporate strategy. His career has involved identifying value opportunities and delivering strategic growth across multiple industries. Mr Williams also has knowledge of portfolio management, investment […]
United signs MoU for Walton Morant survey vessel
United Oil & Gas plc has signed a tentative agreement for a specialist survey vessel to undertake the planned piston coring and surface geochemical programme at Walton Morant, offshore Jamaica. PIVOTAL The non-binding memorandum of understanding with TDI Brooks International aims to secure a vessel, en route from Trinidad via Jamaica, during the final quarter […]
United intends to award 332m share options
United Oil & Gas plc intends to award up to 332,361,111 performance-related share options, representing 13.224% of its issued share capital, under its amended, unapproved share option scheme. SALARIES The revised scheme includes contractors and consultants as well as directors and persons discharging managerial responsibilities, and will also offset cuts in employees’ salaries over recent […]
United prepares for Walton Morant surveys
United Oil & Gas plc has pressed on with “substantial” preparations ahead of non-invasive offshore surveys on its 100% owned Walton Morant licence, Jamaica. FARM-IN Completed work includes design of the surveys and operational planning for piston coring and seabed mapping. The company also has detailed interpretation of 3D seismic volumes and 2D seismic lines […]
United issues 444,444,444 new shares
United Oil & Gas plc will issue 444,444,444 new ordinary shares with a nominal value of £0.00001 each, relating to the £800,000 fundraise earlier this month. The company today received shareholders’ approval to authorise the issue of the fundraising shares and warrants. One warrant will be attached to every two new ordinary shares issued, exercisable […]