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United Oil & Gas reports positive first half with Egypt business catalyst for growth

United Oil and Gas PLC's (LON:UOG) Brian Larkin talks to Proactive about their latest interim results which revealed a successful period for the company.

Larkin looks back at the integration of the Egypt assets which he says are delivering low cost, sustained production.

He highlights the 'positive operating cash flow' as operations there continue to drive revenues.

He goes on to explain their 100% ownership of the high impact Walton Morant exploration licence in Jamaica and their future plans in Italy.

Quick facts: United Oil & Gas PLC

Price: 2.7 GBX

AIM:UOG
Market: AIM
Market Cap: £16.88 m
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United Oil & Gas positioned as 'only full life cycle E&P producer listed on AIM'

United Oil & Gas PLC's (LON:UOG) Brian Larkin explains to Proactive London's Katie Pilbeam how Rockhopper Exploration PLC (LON:RKH) sold its entire 18.3% stake in UOG to a small number of institutional investors and one private investor in a placing. Larkin also talks about their...

on 8/9/20

2 min read