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United Oil & Gas kickoff 2021 with a bang as drilling gets underway in Egypt

United Oil & Gas PLC's (LON:UOG) Brian Larkin speaks to Proactive London's Katie Pilbeam after the beginning of drilling for the ASH-3 development well at the Abu Sennan licence. 

Speaking about the timeline for the project, Larkin says, 'we anticipate a well result in late February, early March'. The programme comes just weeks after the commissioning of a gas pipeline which unlocks additional production volumes.

Larkin explains that all current projects are fully funded from existing cash flow and adds, 'we are only at the beginning of the story'.

Quick facts: United Oil & Gas PLC

Price: 4 GBX

AIM:UOG
Market: AIM
Market Cap: £25.01 m
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United Oil & Gas says 'ASH-3 well at the Abu Sennan project is 'the gift...

United Oil & Gas PLC's Brian Larkin (LON:UOG) talks through the latest results from the preliminary test results from the ASH-3 development well, at the Abu Sennan project, which beat expectations. Larkin explains what the numbers mean after the ASH-3 well showed a maximum rate of 7,720...

5 days, 16 hours ago

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