Source - SMW
United Oil & Gas has secured a no cost option agreement with Swift Exploration and Stelinmatvic Industries for a 24% working interest in a North Sea oil block.

Block 49/29c in licence P2264 contains the Acle prospect, which United described as a low-risk exploration prospect with a high chance of drilling success.

At 9:59am: (LON:UOG) United Oil  Gas Plc Ord Gbp0.01 share price was +0.01p at 5.63p