The Ministry of Science and Energy has granted a two-year extension to United Oil and Gas Plc (UOG) to continue oil and gas exploration activities in the Walton Morant Basin offshore Jamaica. The agreement will expire on January 31, 2026.
United Oil and Gas Plc will seek funding of US$3 million ($460 million) to carry out final seafloor tests offshore Jamaica, after receiving a two-year extension of its licence, which was due to expire at month end. The company is packaging the.
United Oil & Gas Plc (LON:UOG – Get Free Report)’s stock price dropped 3.8% during trading on Friday . The stock traded as low as GBX 0.60 ($0.01) and last traded at GBX 0.60 ($0.01). Approximately 494,316 shares changed hands during trading, a decline of 18% from the average daily volume of 602,715 shares. The […]