News Oil & Gas

United nears closing sale of Selva interest

United Oil & Gas plc has received approval from authorities in Italy to transfer ownership of the company’s Italian assets to Prospex Energy plc. SPA UOG Italia Srl holds a 20% non-operated interest in the Podere Gallina licence, which contains the Selva gas development project. In August 2021, United signed a conditional sales and purchase […]

Company Moves News Oil & Gas

Prospex to appoint Alasdair Buchanan as NED

Prospex Energy plc intends to appoint Alasdair Buchanan to the board as an independent non-executive director. Mr Buchanan has 40 years’ experience in the upstream oil and gas industry and was most recently global energy director at Lloyds Register and chief operating officer and a director of Senergy Group plc. He was also a non-executive director […]

News Oil & Gas

United to exit Italy with €2m gas assets sale

United Oil & Gas plc has signed a €2.165 million conditional sale of its Selva gas interests in Italy assets to Prospex Energy plc. RESERVES United’s subsidiary holds a 20% non-operated interest in the Podere Gallina licence, containing the gas development project, in the Po Valley region. Prospex will acquire 100% of the subsidiary, effective […]