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On December 9, 2024, United Oil & Gas PLC confirmed the receipt of USD $591,595 from the Egyptian General Petroleum Corporation (EGPC). The Company continues to engage with EGPC regarding a small outstanding balance.
| Date | 9 Dec 2024 |
| Time | 11:41:47 |
| Category | Miscellaneous |
| ID | 3546P |
United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas
9th December 2024
United Oil & Gas plc
("United" or "the Company")
Receipt of Egyptian Receivables
United Oil & Gas Plc (AIM: "UOG"), the oil and gas company with a high impact exploration asset in Jamaica and a development asset in the UK confirms that it has received USD $591,595 from the Egyptian General Petroleum Corporation ("EGPC") as anticipated. The Company continues to engage with EGPC regarding a small outstanding balance.
**ENDS**
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Enquiries |
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United Oil & Gas Plc (Company) |
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Brian Larkin, CEO |
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Beaumont Cornish Limited (Nominated Adviser) |
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Roland Cornish | Felicity Geidt | Asia Szusciak |
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+44 (0) 20 7628 3396 |
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Tennyson Securities (Joint Broker) |
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Peter Krens |
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+44 (0) 20 7186 9030 |
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Optiva Securities Limited (Joint Broker) |
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Christian Dennis |
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+44 (0) 20 3137 1902
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Shard Capital Limited (Joint Broker) Damon Heath | Isabella Pierre |
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+44 (0) 207 186 9900 |
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Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
Notes to Editors
United Oil & Gas is an oil and gas company with a development asset in the 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