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

17 April 2023

United Oil and Gas plc

("United" or "the Company")

Long Stop Date Extension - Sale of UK Central North Sea Licence

As announced on the 17^th January 2023, United has entered into a binding asset purchase agreement ("APA") with Quattro Energy Limited for the conditional sale of the UK Central North Sea Licence P2519 containing the Maria discovery in Block 15/18e.

The long stop date for the satisfaction of the APA conditions was 16^th April 2023. The parties to the APA have agreed an extension of this long stop date to the 17^th May 2023 to allow additional time for the APA conditions required for completion to be satisfied. A further update will be provided to the market in due course.

END

This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310).

Notes to Editors

United Oil & Gas is the full-cycle 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.