New Irish oil company buys stake in Italian field

United Oil & Gas sees potential 17 billion cubic feet of natural gas under Po Valley

7th May, 2017

Irish exploration company United Oil & Gas has acquired a 20 per cent stake in an Italian oil field.

The company has entered into a conditional agreement with Australian-listed exploration company Po Valley Energy to buy a part of the Podere Gallina licence in northern Italy.

This is the second licence to be acquired by United since it was founded, with its first located in the Wessex Basin in southern England.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Tom Maguire: Tax changes we make now could help business for years

More Business Tom Maguire 6 months ago

The Daily Briefing

The Daily Briefing