Update on Crown disposal milestone payment

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

4th 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, 4th 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.

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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