United Oil & Gas PLC's (LON:UOG) Brian Larkin explains to Proactive London's Katie Pilbeam how Rockhopper Exploration PLC (LON:RKH) sold its entire 18.3% stake in UOG to a small number of institutional investors and one private investor in a placing.
Larkin also talks about their expansion in the North Sea, picking up three discoveries and one prospect in the UK’s 32nd Licensing Round.
UOG has also completed their two drilling projects in Egypt, strengthened their board with the appointment of Ms Iman Hill and is now focused on 'developing the assets'.