United Oil & Gas PLC Exercise of Warrants and Total Voting Rights (4697G)

TIDMUOG

RNS Number : 4697G

United Oil & Gas PLC

02 March 2018

2 March 2018

United Oil & Gas Plc

Exercise of Warrants and Total Voting Rights

United Oil & Gas Plc ("UOG", "United" or the "Company"), the London Stock Exchange listed oil and gas exploration and development company, announces that it has issued and allotted 60,000 new ordinary shares of GBP0.01 each (the "Ordinary Shares") in the Company at an exercise price of GBP0.05 per new Ordinary Share following receipt of an exercise notice in respect of 60,000 warrants issued in November 2015.

Applications are being made to the UK Listing Authority and the London Stock Exchange for the 60,000 new Ordinary Shares to be admitted to the Official List and to trading on the London Stock Exchange's main market for listed securities (the "Admission"). It is expected that Admission will become effective on or around 7 March 2018.

Following the issue of the new Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, the total number of Ordinary Shares in issue with voting rights in the Company is 232,245,001. There are no shares held in treasury.

The above figure of 232,245,001 may therefore be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

For more information please visit the Company's website at www.uogplc.com or contact:

 
 United Oil & Gas Plc (Company) 
=====================================  ================================ 
 Brian Larkin                           brian.larkin@unitedoilandgas.eu 
=====================================  ================================ 
 
 Optiva Securities Limited (Broker) 
=====================================  ================================ 
                                        +44 (0) 20 3137 
 Christian Dennis                        1902 
=====================================  ================================ 
 
 Beaumont Cornish Limited (Financial 
  Adviser) 
=====================================  ================================ 
 Roland Cornish and Felicity            +44 (0) 20 7628 
  Geidt                                  3396 
=====================================  ================================ 
 
 Murray (PR Advisor)                     +353 (0) 87 6909735 
=====================================  ================================ 
 Joe Heron                              jheron@murrayconsultanta.ie 
=====================================  ================================

Editor's Note:

United Oil & Gas plc (UOG) is listed on the main market of the London Stock Exchange. UOG was established to explore, appraise and develop low risk assets in Europe and North Africa and to develop higher risk, higher impact exploration projects in Latin America and Africa.

The following table outlines the Company's current licences:

 
 Country           Licence              Operator            United Holding 
----------------  -------------------  ------------------  --------------- 
                   Podere Gallina       Po Valley Energy 
 Italy              Licence              Ltd                20% 
----------------  -------------------  ------------------  --------------- 
                   Waddock Cross 
 United Kingdom     Field               Egdon Oil Plc       26.25% 
----------------  -------------------  ------------------  --------------- 
 United Kingdom    PL090 Exploration    Egdon Oil Plc       18.95% 
----------------  -------------------  ------------------  --------------- 
 United Kingdom    P1918*               Corallian Energy    10%** 
                                         Limited 
----------------  -------------------  ------------------  --------------- 
 United Kingdom    PEDL 330             Corallian Energy    10%** 
                                         Limited 
----------------  -------------------  ------------------  --------------- 
 United Kingdom    PEDL 345             Corallian Energy    10%** 
                                         Limited 
----------------  -------------------  ------------------  --------------- 
                                        Tullow Jamaica 
 Jamaica           Walton-Morant*        Limited            20% 
----------------  -------------------  ------------------  ---------------

*Offshore

** Option to acquire a further 10%

In addition, UOG has an option agreement to farm into offshore Block 49/29c UK Licence P2264 which contains the Acle prospect. On exercise of this option agreement UOG will acquire a 24% interest in the licence.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 02, 2018 05:00 ET (10:00 GMT)

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