United Oil & Gas PLC Update on Crown disposal milestone payment (9318N)

TIDMUOG

RNS Number : 9318N

United Oil & Gas PLC

04 October 2021

United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas

4(th) October 2021

United Oil and Gas Plc

("United" "the Group" or the "Company")

Update on Crown disposal milestone payment

United Oil & Gas PLC (AIM: "UOG"), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets notes the announcement made by Hibiscus Petroleum Berhad today, 4(th) October 2021 https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3198149

United is considering its position pursuant to the Sale and Purchase Agreement and United's rights are reserved on this matter. A further announcement will be made in due course.

ENDS

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

 
United Oil & Gas Plc (Company) 
Brian Larkin, CEO                      brian.larkin@uogplc.com 
Sharan Dhami, Head of IR & ESG         sharan.dhami@uogplc.com 
 
Beaumont Cornish Limited (Nominated 
 Adviser)                              +44 (0) 20 7628 3396 
Roland Cornish and Felicity Geidt 
 
Optiva Securities Limited (Broker)     +44 (0) 20 3137 1902 
Christian Dennis 
 
Murray (PR Advisor)                    +353 (0) 87 6909735 
Joe Heron                              jheron@murrayconsultants.ie 
 
Camarco (Financial PR/IR)                     +44 (0) 20 3757 4983 
Billy Clegg | James Crothers | Tessa   uog@camarco.co.uk 
 Gough-Allen

Enquiries

Notes to Editors

United Oil & Gas is a high growth oil and gas company with a portfolio of low-risk, cash generative production, development, appraisal and exploration assets across Egypt, UK, Italy and a high impact exploration licence in Jamaica.

The business is led by an experienced management team with a strong track record of growing full cycle businesses, partnered with established industry players and is well positioned to deliver future growth through portfolio optimisation and targeted acquisitions.

United Oil & Gas is listed on the AIM market of the London Stock Exchange. For further information on United Oil and Gas please visit www.uogplc.com

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October 04, 2021 07:31 ET (11:31 GMT)

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