United Oil & Gas plc’s board of directors has awarded 6,862,005 share options to the company’s chief financial officer Peter Dunne. CONTRACT The shares have an exercise price of 2.47 pence, a vesting period of three years and an expiry date of ten years from the date of granting. United said that the grant of […]
Tag: United Oil & Gas plc
United spuds ASH-4 at Abu Sennan
United Oil & Gas plc said it was awaiting consistent flows on the AJ-14 well as it spud the ASH-4 high impact development well targeting more than 2 mmbbls gross in the Abu Sennan licence, onshore Egypt. AJ-14 United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt. The […]
United NED Tom Hickey to leave for Kenmare
United Oil & Gas plc independent non-executive director (NED) Tom Hickey has notified the company of his intention to step down. Mr Hickey is also chair of the audit and risk committee and a member of the remuneration committee. He will step down from the board on 23 September 2022 to take up his new post […]
United AJ-14 development well intersects oil at Abu Sennan
United Oil & Gas plc said it had encountered seven metres of net oil play, in line with the higher end of pre-drill estimates, in the Al Jahraa-14 development well (AJ-14) on the Abu Sennan licence, onshore Egypt. AJ-14 United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt. […]
United receives £165,000 via warrant exercise
United Oil & Gas plc received £165,000 following two notices to exercise warrants for a total of 11,550,00 new ordinary shares of £0.01 each in the share capital of the company. The warrant shares are £0.0142857 pence per share, pursuant to the warrant instruments granted on 31 July 2017. Following the issue of the warrant […]
United notes Optiva’s £33m valuation of Maria oil discovery
United Oil & Gas plc said that new research set a value of £33.5 million on the company’s Maria discovery in the Outer Moray Firth Basin in the Central North Sea. OPTIVA The company published a research note by Optiva Securities Ltd, which valued the asset at £33.5m or 5.2p per share on a risked […]