United Oil & Gas PLC Long Stop Date Extension (3995W)

TIDMUOG

RNS Number : 3995W

United Oil & Gas PLC

17 April 2023

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

17 April 2023

United Oil and Gas plc

("United" or "the Company")

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

As announced on the 17(th) January 2023, United has entered into a binding asset purchase agreement ("APA") with Quattro Energy Limited for the conditional sale of the UK Central North Sea Licence P2519 containing the Maria discovery in Block 15/18e.

The long stop date for the satisfaction of the APA conditions was 16(th) April 2023. The parties to the APA have agreed an extension of this long stop date to the 17(th) May 2023 to allow additional time for the APA conditions required for completion to be satisfied. A further update will be provided to the market in due course.

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This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310).

 
 
  United Oil & Gas Plc (Company) 
Brian Larkin, CEO                      brian.larkin@uogplc.com 
Sharan Dhami, Head of IR &             sharan.dhami@uogplc.com 
 ESG 
 
Beaumont Cornish Limited (Nominated 
 Adviser) 
Roland Cornish | Felicity Geidt        +44 (0) 20 7628 3396 
 
  Tennyson Securities (Joint 
  Broker) 
Peter Krens                            +44 (0) 20 7186 9030 
 
  Optiva Securities Limited (Joint 
  Broker) 
Christian Dennis                       +44 (0) 20 3137 1902 
 
Camarco (Financial PR) 
Georgia Edmonds | Emily Hall           +44 (0) 20 3757 4983 | 
 | Sam Morris                           uog@camarco.co.uk

Notes to Editors

United Oil & Gas is the full-cycle oil and gas company with a portfolio of low-risk, cash generative production, development, appraisal and exploration assets across Egypt, UK 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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(END) Dow Jones Newswires

April 17, 2023 02:00 ET (06:00 GMT)

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