Business
Final Audited Results and Notice of AGM
Final Audited Results and Notice of AGM.
About this update from United Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 5360A United Oil & Gas PLC 30 May 2019 \n\n \n \n \nUnited Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas\n30 May 2019\nUnited Oil & Gas PLC (\"United\" or the \"Company\") \n \nFINAL AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2018\nAND \nNOTICE OF ANNUAL GENERAL MEETING \n \nUnited Oil & Gas Plc, the AIM-listed oil and gas exploration and development company, is pleased to announce its audited results for the year ended 31 December 2018 and to confirm that the 2018 Annual Report and Financial Statements (\"Annual Report\"), together with a Notice of AGM (\"Notice\") will shortly be posted to shareholders. The AGM will be held on June 24 at 12pm at the offices of Kerman and Co, 200 The Strand, London. \nPursuant to Rule 20 of the AIM Rules for Companies, copies of both the Annual Report and the Notice will shortly be available for inspection at www.uogplc.com. \n \nCEO, Brian Larkin, reported:\n\"We are delighted to report on a year of considerable progress as we grow an exciting portfolio of exploration, appraisal and development assets. 2018 saw development at an operations level, through successful drilling in Italy and seismic and other development activity across our portfolio. It saw portfolio gains, most notably through success in our first competitive licencing round, with the acquisition of the Crown Discovery in UK Licencing Round 30. 2018 also saw additional strengthening of our technical and corporate team, as we gear up to take full advantage of what is an increasingly strong asset base. The progress made last year builds on United's already strong start and has been continued into 2019.\" \n2018 operational highlights:\n· Italian discovery at Podere Gallina with a potential 150,000 cubic meters per day production on track for Q3 2020, planning to deliver significant cash flow to fund future growth\n· Farm into UK licences in Wessex Basin including Colter \n· UK licencing round success as Crown Discovery added to portfolio\n· Successful seismic campaign in Jamaica on the highly prospective Walton Morant licence de-risks multiple targets\nPost Year-end:\n· Key milestone achieved wit...