Dublin oil firm to list shares in London

Dublin-based exploration company United Oil and Gas (UOG) is to take a share listing on the London Stock Exchange via a reverse takeover of British company Senterra.

UOG — led by two former Tullow Oil executives — is also targeting further additions to its growing asset portfolio following its recent purchase of a 20% stake in the Podere Gallina licence in northern Italy.

Last week, UOG announced it had farmed into the licence, which is controlled by Australian-based and Italian-focused explorer Po Valley Energy and lies in one of Europe’s most prolific gas regions.