United Oil & Gas plc awarded an aggregate 203,814,481 share options under its updated unapproved share option scheme from 2025. On 18 August 2026, a total of 97,932,799 share options, representing 2.11% of the company’s current issued share capital, were awarded to employees and consultants. A total of 105,881,682 share options (2.28%) were awarded to […]
Tag: United Oil & Gas plc
United raises £500,000
United Oil & Gas plc has raised £500,000 through a placing of 250 million new ordinary shares of 0.001p each, at a price of 0.20p per share, by two long-term institutional shareholders. TVRs The issue price is a slight discount to the closing mid-market price of 0.23p on 2 July 2026. Every three placing shares […]
United completes Walton-Morant seabed survey
United Oil & Gas plc is awaiting results from its completed seabed geochemical exploration programme on the Walton-Morant licence, offshore Jamaica. RESULTS Following the multibeam echosounder survey and acquisition of heat flow probe data, seabed sediment was recovered through piston coring on all 42 selected locations. The piston core samples will undergo geochemical analysis at […]
United completes Walton Morant stage I survey
United Oil & Gas plc has completed stage I surface geochemical exploration across 1,189km on the seabed within the Walton-Morant licence, offshore Jamaica. LOCATIONS The programme comprised the multibeam echosounder survey to acquire high quality seabed bathymetry data. The information will inform the selection of locations for stage II heat-flow and stage III piston core […]
United begins Walton Morant surveys
United Oil & Gas plc has started staged seabed geochemcial exploration and surveys on its 22,400 km2 Walton Morant licence, offshore Jamaica. RESULTS The programme aims to confirm the presence of a working offshore petroleum system and help derisk the project. Operations using the multibeam echosounder (MBES) for high-resolution seabed mapping to refine targets, will be […]
United nears start of Walton Morant survey
United Oil & Gas plc expects to begin the surface geochemical exploration survey before the end of January on its Walton Morant licence, offshore Jamaica. DE-RISK The company estimates that the block holds a potential of more than 7.1 billion barrels of unrisked prospective resources. The R/V Gyre survey vessel left Trinidad on 17 January […]