Business
Investment in United Oil & Gas plc
Investment in United Oil & Gas plc.
About this update from Gunsynd Plc
[{"type":"text","content":"\n \nRNS Number : 7394R Gunsynd PLC 25 September 2017 \n\n \nGunsynd plc\n \n(\"Gunsynd\" or the \"Company\")\n \nInvestment in United Oil & Gas plc\nGunsynd (AIM: GUN, ISDX: GUN) announces that it holds 6,058,599 shares in United Oil & Gas plc (\"UOG\"), representing approximately 3.01% of UOG's issued share capital. The aggregate cost of this investment was approximately £160,000 and the Company paid an average of approximately 2.7p per UOG share.\nUOG is an independent oil & gas start-up established in 2015 by a former Tullow Oil team. Its strategy is to acquire assets where the management team's experience can drive near-term activity and unlock previously untapped value. Two deals have been completed since August 2016, providing UOG with a material stake in two licences: PL090 onshore UK, and Podere Gallina onshore Italy. UOG is listed on the main market of the London Stock Exchange by way of a standard listing.\nThe directors of Gunsynd accept responsibility for this announcement.\nFor further information please contact:\n \nGunsynd plc: +44 (0) 20 7440 0640\nHamish Harris\nDonald Strang\n \nNominated Adviser/NEX Corporate Adviser: +44 (0) 20 7213 0880\nCairn Financial Advisers LLP \nJames Caithie / Liam Murray\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCXELFLDKFZBBK\n ","length":3075,"tagName":"div"}]