United Oil & Gas makes AIM move

oil

United Oil & Gas has a management team that would make an oil company ten times its size envious and it has moved to AIM today.

They previously worked for Tullow Oil and have experience of many regions of the world and believe it is a good time to pick up attractive assets.

United was on the Main Market for just over 18 months after it reversed into a standard list shell. No cash is being raised in the move to AIM because United still has cash on its balance sheet. There will undoubtedly need to be more money raised in order for United to achieve its ambitions.

Management says tha...

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Andrew Hore
Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.