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 […]
Tag: United Oil & Gas plc
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 […]
United receives Walton Morant surveys permit
United Oil & Gas plc has formally received a five-year environmental permit for its planned offshore surveys on the Walton Morant licence, southern Jamaica. FARM-OUT The company plans “non-invasive offshore surveys, including bathymetric, geotechnical, and environmental baseline studies”. A final outstanding “beach” licence is expected shortly and will complete all approvals required before any operations […]
United issues 5m shares in warrants exercise
United Oil & Gas plc has issued five million new ordinary shares of £0.00001 each following notice to exercise warrants at £0.0015 per share, for £7,500. TVRs The warrants were issued as part of the company’s fundraising in December 2024. Following admission, United’s total voting rights will be 2,068,877,779. The company holds the Walton Morant […]
United raises £800,000 for Walton Morant
United Oil & Gas plc has raised £800,000 via a conditional placing and subscription for 444,444,444 new ordinary shares of £0.00001 each, at £0.0018 per share. MEETING The placing raised £654,852 and an additional £145,148 was directly subscribed for with the company. United said that the fundraising was “significantly oversubscribed and was scaled back”. Every two […]
United awarded permit for Walton Morant survey
United Oil & Gas plc has been awarded an environmental permit and a beach licence for its planned offshore technical programme in the Walton Morant licence, offshore Jamaica. FRONTIER Work includes a piston core survey which will collect 40 to 60 seabed sediment samples from seafloor of the Walton and Morant basins. Analysis of the […]