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Latest News

Our news section highlights the latest industry news, press coverage and publications.

Significant Italian gas discovery confirmed

United Oil & Gas Plc ("UOG", "United" or the "Company") the London Stock Exchange listed oil and gas exploration and development company, notes that Po Valley Energy Limited ("PVE" or "Po Valley"), the operator on the Podere Maiar 1 ("PM1") well on the Selva Gas Field in the Podere Gallina licence - in which United has a 20% interest - have today made an announcement relating to significant gas flows.

Corallian farmout agreement

United Oil & Gas Plc ("UOG", "United" or the "Company"), the London Stock Exchange listed oil and gas exploration and development company, is pleased to announce an agreement to farm-in to the Corallian Energy Limited ("Corallian") interests in its southern UK oil and gas assets.

Podere Maiar Update

United Oil & Gas Plc ("UOG", "United" or the "Company"), the London Stock Exchange listed oil and gas exploration and development company, is pleased to announce the Podere Maiar 1 ("PM1") well on the Selva Gas Field in the Podere Gallina licence is to be flow tested next month, having been successfully cased for production.

Latin America Farm-In Agreement

United Oil & Gas Plc ("UOG", "United" or the "Company"), the London Stock Exchange listed oil and gas exploration and development company, is pleased to announce an agreement to farm-in to the Tullow Jamaica Ltd ("Tullow") operated Walton-Morant licence, offshore Jamaica.

Spudding commences on Italian licence

United Oil & Gas Plc ("UOG", "United" or the "Company"), the London Stock Exchange listed oil and gas exploration and development company, issues the following update on the Italian Podere Gallina licence.

Italian Operational Update

United Oil & Gas Plc ("UOG", "United" or the "Company"), the London Stock Exchange listed oil and gas exploration and development company, issues the following update on their Italian licence in the Po Valley.

Solid foundations in Ayenounan. Now set for expansion projects.

We believe DekelOil still offers investors a compelling and a deep value investment opportunity; DekelOil trade on a forward FY18 P/E of 4x on double-digit EPS growth. We have adjusted our price to 30p from 34p, and if the Guitry project is successfully implemented, our target price increases to 36.3p.

Formal Commencement of Second Palm Oil Project in Côte d'Ivoire

DekelOil Public Limited, operator and 100% owner of the profitable and vertically integrated Ayenouan palm oil project in Côte d'Ivoire, is pleased to confirm formal commencement of operations at Guitry, its second project in Côte d'Ivoire (the 'Project'), in which the Company holds a 100% interest.

FDP Addendum submitted to start production from Brockham X4Z Kimmeridge layers

Angus Energy is pleased to announce that following consultation with the UK's Oil & Gas Authority (OGA) it has submitted the required Field Development Plan (FDP) Addendum to commence production from the Kimmeridge layers at its Brockham Oil Field, Production License 235. In addition to the standard HSE consent for any well operations, the FDP Addendum approval from the OGA is the sole regulatory approval required to produce hydrocarbons from the Kimmeridge layers in addition to the existing Portland production. The Company will update investors once the OGA approve the FDP Addendum.

Angus Energy plc (the "Group") is pleased to announce their intention to bring the Kimmeridge into production at its existing Brockham production facility as soon as the necessary OGA approval is in place.

The Brockham X4Z well, drilled to a total depth of 1,391m, was planned to evaluate the Portland, Corallian and Kimmeridge formations at Brockham including an evaluation of the Kimmeridge reservoir that had been demonstrated by the Horse Hill discovery 8 km to the South. 

The operator of the  well at Horse Hill has announced cumulative…

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