Business
Results for Half Year ending 30 June 2025
United Oil & Gas PLC reported a loss for the period attributable to the Company's equity shareholders of $(338,539). The loss per share from continuing operations was (0.02) cents. The company's net assets totaled $6,183,936. They completed the final tranche of equity placing announced in December 2024, raising £315,000. In May 2025, they issued shares raising £140,000 from an existing shareholder. Shareholders exercised warrants raising £55,500. Post period end, the company raised £800,000 through a placing at £0.0018 per share and announced the exercise of warrants raising £7,500. Intangible assets were $7,780,463 and cash and cash equivalents totaled $209,213. Trade and other receivables were $85,226, while trade and other payables amounted to $(1,409,957). Disclaimer*
About this update from United Oil & Gas Plc
[{"type":"text","content":"\n\nUnited Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas\n \n29 September 2025\nUnited Oil & Gas plc\n(\"United\" or \"the Company\")\nResults for Half Year ending 30 June 2025\n \nUnited 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 is pleased to announce its unaudited results for the period ending 30 June 2025.\n \nBrian Larkin, United Chief Executive Officer commented:\n \nThe first half of 2025 has been about strengthening the foundations for value creation at Walton Morant. In March, the early two-year licence extension to January 2028 was a critical milestone, giving us the certainty and running room needed to drive farm-out discussions forward. For shareholders, it provides a clear pathway for value to be unlocked across one of the few billion-barrel frontier opportunities still available globally.\n \nThe Walton Morant licence is exceptional in scale and quality and spans 22,400 km² with over 40 identified leads and prospects and unrisked potential of c. 7 billion¹ barrels. Eleven prospects already independently certified hold 2.4 billion barrels. Combined with highly competitive fiscal terms, strong government support, and breakeven metrics around $25/bbl² in a success case, these attributes make Walton Morant a standout frontier opportunity. This is reflected in renewed sentiment across the sector and, importantly, in the engagement of potential farmin partners, who continue to review and evaluate the licence under NDA, a clear sign of momentum in the farmout process.\n \nAlongside this, we have made tangible progress on permitting. Post period end, during Q3, we received both the Environmental Permit and the Beach Licence which were approved by the National Environmental and Planning Agency (\"NEPA\") marking key steps in operational readiness. On the corporate side, during January we completed the equity placing announced in December 2024, receiving the final tranche of £315,000 and issued 350,000,000 warrants at £0.0015 expiring 31 December 2025. In May we raised further funds totalling £140,000 at market with an existing shareholder and subsequent to this between May and June, shareholders exercised a total of 48 million warrants raising £55,500. We also extended ...