United Oil & Gas plc has awarded an aggregate 332,361,111 share options, valid for 10 years, under its updated unapproved share option scheme, as announced in September. PDMRs A total of 100,416,666 share options, representing 2.47% of the company’s current issued share capital, were awarded to employees and consultants. A further 231,944,445 share options (5.71%) […]
Tag: United Oil & Gas plc
United signs survey vessel contract for Walton Morant
United Oil & Gas plc has signed a contract for the R/V Gyre survey vessel to conduct the piston coring and surface geochemical programme at Walton Morant, offshore southern Jamaica. HURRICANE Texas-based TDI Brooks International is due to deliver the vessel to the 22,400km2 licence block in mid to late December 2025. The work programme, […]
United investors approve £2.23m fundraise
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 […]
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 […]