/Equities/XLON/UOG/RNS

Research Note on Maria

RNS Number : 7501R

United Oil & Gas PLC

08 July 2022

United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas

8 July 2022

United Oil and Gas Plc

("United" "the Group" or the "Company")

Reach Announcement

Research Note on Maria

United Oil & Gas Plc (AIM: "UOG"), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets is pleased to note the publication of a new research note by Optiva Securities Limited on the Company's Maria discovery, located in the Outer Moray Firth Basin in the Central North Sea.

In the note, Optiva Securities Limited value the Maria discovery at £33.5 million or 5.2p per share on a risked basis, or £109.1 million or 14.0p per share on an unrisked basis. The full note and valuation can be accessed using the following link: https://www.uogplc.com/wp-content/uploads/2022/07/United_Oil_and_Gas_Note_June_2022.pdf .

ENDS

Enquiries
United Oil & Gas Plc (Company)
Brian Larkin, CEO		[email protected]
Sharan Dhami, Head of IR & ESG		[email protected]

Beaumont Cornish Limited (Nominated Adviser)
Roland Cornish \| Felicity Geidt		+44 (0) 20 7628 3396
Tennyson Securities (Joint Broker)
Peter Krens		+44 (0) 020 7186 9030
Optiva Securities Limited (Joint Broker)
Christian Dennis		+44 (0) 20 3137 1902

Camarco (Financial PR)
Georgia Edmonds \| James Crothers \| Sam Morris		+44 (0) 20 3757 4983 \|[email protected]

Notes to Editors

United Oil & Gas is a high growth oil and gas company with a portfolio of low-risk, cash generative production, development, appraisal and exploration assets across Egypt, UK and a high impact exploration licence in Jamaica.

The business is led by an experienced management team with a strong track record of growing full cycle businesses, partnered with established industry players and is well positioned to deliver future growth through portfolio optimisation and targeted acquisitions.

United Oil & Gas is listed on the AIM market of the London Stock Exchange. For further information on United Oil and Gas please visit www.uogplc.com

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END

NRABKOBNPBKDOOK

Date	8 Jul 2022
Time	07:00:06
Category	Miscellaneous
ID	7501R

Date	8 Jul 2022
Time	07:00:06
Category	Miscellaneous
ID	7501R

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Research Note on Maria