United Oil & Gas PLC Update on Sale of UK Central North Sea Licence (7525U)

TIDMUOG

RNS Number : 7525U

United Oil & Gas PLC

07 December 2021

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

7 December 2021

United Oil and Gas Plc

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

Long Stop Date Extension - Sale of UK Central North Sea Licence

As announced on 7 September 2021, United has entered in to a binding sale and purchase agreement ("SPA") with Quattro Energy Limited to sell its UK Central North Sea Licences P2480 and P2519.

The long stop date for satisfaction of the SPA conditions was 6 December 2021. The parties to the SPA have agreed an extension of this long stop date to 28 February 2022 to allow additional time for the SPA conditions required for completion. A further update will be provided to the market 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").

 
Enquiries 
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

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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December 07, 2021 02:00 ET (07:00 GMT)

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