Company
United Oil & Gas PLC
LON:UOG
United Oil & Gas is a full-cycle oil and gas company with a portfolio of low-risk, cash generative production, development, appraisal and exploration assets across Egypt, UK and a high impact exploration licence in Jamaica. The business is led by an experienced management team with a strong track record of growing full cycle businesses, partnered with established industry players and is well positioned to deliver future growth through portfolio optimisation and targeted acquisitions.
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United Oil & Gas says latest Egypt exploration well result 'not encouraging'
"We are now continuing with our active and fully funded Egypt drilling programme,” said chief executive Brian Larkin
United Oil & Gas next development well spuds in Egypt
“Egypt offers a low-cost operating environment, with attractive fiscal terms and continues to deliver positive operational cashflow to United."