Business
AGM Statement
AGM Statement.
About this update from United Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 3211S United Oil & Gas PLC 25 June 2018 \n\nUnited Oil & Gas PLC / Index: LSE / Epic: UOG / Sector: Oil & Gas \nUnited Oil & Gas PLC ('United' or 'the Company') \nAGM Statement\n \nUnited Oil & Gas Plc ('United' or 'the Company'), the London Stock Exchange listed oil and gas exploration and development company, is holding its Annual General Meeting ('AGM') later today. At the meeting, Chief Executive Officer Brian Larkin will make the following statement:\n \n\"When we release an RNS, a table is often included at the end of the announcement detailing the licences in which United has an interest. Today this table can be found at the beginning, as it neatly encapsulates both the strategy that has been put in place and progress that has been made since the Company was readmitted to the London Stock Exchange's Main Market as United Oil & Gas on 31 July 2017.\n \n\n\n\nCountry\n\n\nLicence\n\n\nOperator\n\n\nUnited Interest\n\n\n\n\nItaly\n\n\nPodere Gallina Licence\n\n\nPo Valley Energy Limited\n\n\n20%\n\n\n\n\nUnited Kingdom\n\n\nWaddock Cross Field\n\n\nEgdon Resources UK Limited\n\n\n26.25%\n\n\n\n\nUnited Kingdom\n\n\nPL090 Exploration\n\n\nEgdon Resources UK Limited\n\n\n18.95%\n\n\n\n\nUnited Kingdom\n\n\nP1918\n\n\nCorallian Energy Limited\n\n\n10%\n\n\n\n\nUnited Kingdom\n\n\nPEDL 330\n\n\nCorallian Energy Limited\n\n\n10%\n\n\n\n\nUnited Kingdom\n\n\nPEDL 345\n\n\nCorallian Energy Limited\n\n\n10%\n\n\n\n\nJamaica\n\n\nWalton-Morant\n\n\nTullow Jamaica Ltd \n\n\n20%\n\n\n\n \n\"Twelve months ago, this table comprised just two rows: the Waddock Cross Field and the PL090 Licence. As the table shows, we have been highly active during the intervening period, adding five more licences, all of which support our objective of building a multi-stage portfolio of low-risk development and appraisal assets in Europe, and high-impact exploration licences in Latin America, the Caribbean and Africa. Shortly, the table will also include our two new licences awarded in UK Licencing Round 30, including the Crown Discovery. The common thread that connects all of our licences is that they each have a clear line of sight towards near-term, high-impact activity centred on unlocking untapped value. \n \n\"Our focus is to expose our s...