United Oil & Gas plc has issued 2.5 million new ordinary shares of £0.00001 each in a warrants exercise at £0.0015 per share, for £3,750. The warrants were issued as part of the company’s £700,000 fundraise in December 2024. Following admission, United’s total voting rights will be 2,063,877,779. The company owns the 22,400km2 Walton Morant […]
Tag: United Oil & Gas plc
United issues 33m shares via warrants exercise
United Oil & Gas plc has issued 33 million shares of £0.00001 each in a warrants’ exercise at £0.001 per share, for £33,000. The warrants were issued as part of the December 2024 fundraise. The company said that, following the exercise, no £0.001 warrants remained outstanding. On admission, United’s total voting rights will be 2,061,377,379. The […]
United applies for Walton Morant survey
United Oil & Gas plc has submitted an application for a piston core survey on the 22,400km² Walton Morant licence, offshore Jamaica. FARM-OUT The licence contains more than 40 identified leads and prospects, of which 11 are independently estimated to hold over 2.4 billion barrels of unrisked mean prospective resources. United estimates that the exploration […]
United issues 12.5m shares in warrants exercise
United Oil & Gas plc has issued 12.5 million new ordinary shares of £0.00001 each in the company after receiving notices to exercise warrants at a price of £0.0015 per warrant share, for £18,750. TVRs The warrants were issued as part of the December 2024 fundraise and received approval in January 2025. Following admission, United’s […]
United raises £140,000 via placing
United Oil & Gas has raised gross £140,000 through a placing of 100 million new ordinary shares of £0.0001 each at a price of 0.14 pence per share with an existing shareholder. TVRs The placing utilises the company’s current remaining share issuance authority, excluding existing warrants. Following admission, United’s total issued share capital will comprise […]
United secures more time for Walton Morant
United Oil & Gas plc has secured an early two-year extension until 31 January 2028 to its Walton Morant licence offshore southern Jamaica. PARTNER The 22,400km2 block holds “multiple plays and prospects” and more than seven billion barrels mean/mid case recoverable unrisked prospective resources, based on internal estimates. The company will use the extra time […]