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AIM:UOG FRA:1UO

United Oil & Gas PLC

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Market:
AIM
Market Cap:
£15.8 m
Price
2.45 GBX
Change
3.16%
52 weeks high
6.34
52 weeks low
2.10

In brief

United Oil & Gas Plc (UOG) describes itself as a rapidly-growing full-cycle AIM-listed oil and gas company with the energy and capability to build on its track record of delivery. 

The company is focused on low-risk production and development projects in Egypt, Italy, and the UK, and high-impact exploration in Jamaica.

In early 2020, the company acquired a 22% non-operating interest in the Abu Sennan asset. Located in the prolific hydrocarbon-producing Western Desert region of onshore Egypt, it comprises 7 development concessions.

Snapshot

  • United Oil & Gas boosted by another well success in Egypt
  • United Oil & Gas broker confident a fix can be found for water issue
  • United Oil & Gas confident in its strategy and forward guidance despite water-cut issue at ASH field