United Oil shares jump 12% on UK deal

Shares in Dublin-based exploration company United Oil and Gas jumped more than 12% on the news of it buying into three licences in the south of England.

United Oil shares jump 12% on UK deal
Wed, 17 Jan, 2018 - 07:00

Shares in Dublin-based exploration company United Oil and Gas jumped more than 12% on the news of it buying into three licences in the south of England.

The company, established by former Tullow Oil executives, has taken a 10% share of three licences operated by privately-owned British explorer Corallian, and has an option to buy a further 10% of them.

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