UNITED OIL & GAS PLC

• ⚠

  Material uncertainty over going concern

  The Directors have considered the various matters set out above and have concluded that a material uncertainty exists that may cast significant doubt on the ability of the Group and Company to continue as a going concern and the Group and Company may therefore be unable to realise their assets or discharge their liabilities in the normal course of business. Our opinion is not modified in respect of this matter.

1. UNITED OIL & GAS PLC 2017-07-28 → present
2. SENTERRA ENERGY PLC 2015-10-15 → 2017-07-28
3. SENTERRA ENERGY LIMITED 2015-06-05 → 2015-10-15

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

KPMG

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors have considered the various matters set out above and have concluded that a material uncertainty exists that may cast significant doubt on the ability of the Group and Company to continue as a going concern and the Group and Company may therefore be unable to realise their assets or discharge their liabilities in the normal course of business. Our opinion is not modified in respect of this matter.”

Group structure

1. UNITED OIL & GAS PLC · parent
   1. UOG Holdings Plc 100% · England and Wales · Intermediate holding company
   2. UOG Ireland Limited 100% · Ireland · Intermediate holding company
   3. UOG PL080 Ltd 100% · England and Wales · Oil and gas exploration
   4. UOG Jamaica Ltd 100% · England and Wales · Oil and gas exploration
   5. UOG Crown Ltd 100% · England and Wales · Oil and gas exploration
   6. UOG Colter Ltd 100% · England and Wales · Oil and gas exploration
   7. UOG Egypt Pty (Branch) 100% · Australia · Oil and gas exploration

Significant events

• “In January 2024, the Company received a two-year licence extension in Jamaica, which was then extended again in March 2025 until January 2028.”
• “In January 2024, the Walton-Morant licence in Jamaica was extended by two years, until 31 January 2026.”
• “In March 2024, United raised £1 million (gross) through an equity placing to support operations.”
• “In December 2024, United announced plans to raise an additional £0.7 million (gross) to support operations.”
• “In January 2024, United received a default notice from Kuwait Energy Egypt regarding the Abu Sennan concession, due to payment issues, which was resolved.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

11

last 12 months

Capital events

7

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -61.1%

  £1,477,017 → £574,713

• Net assets

  -12.3%

  £5,034,787 → £4,413,902

• Employees

  -25%

  12 → 9

• Operating profit

  +48.4%

  -£2,741,546 → -£1,413,403

• Profit before tax

  +49.1%

  -£2,799,094 → -£1,424,877

• Wages

  -37.1%

  £1,094,193 → £688,353

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers