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United Oil & Gas Plc has informed that after the announcement of May 24, 2018, it has now accepted the formal offer from the UK oil and gas regulator. The firm has been awarded Blocks 15/18d and 15/19b and their license term will start from Oct. 1, 2018. These blocks are said to be of very high potential in the Central North Sea and cover an area of c. 13.6 sq km.
