United Oil & Gas profits surge on higher oil price
UOG’s realised oil price jumped 82% to almost US$69 per barrel
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 production on track as Abu Sennan ramps up
All of the production came from United's 22% non-operating interest in Abu Sennan
United Oil & Gas completes exit from Italy
UOG will no longer be liable for its share of the Selva gas development capital expenditure
United Oil & Gas gets Italian greenlight for asset sale to Prospex
The deal between United and Prospex will now advance to completion
United Oil & Gas says production is beating expectations at Egyptian well
CEO Brian Larkin note the short turnaround time between well completion and production
United Oil & Gas reports another hit at Abu Sennan
ASD-2 is the eighth consecutive successful oil well at Abu Sennan
United Oil & Gas retains UK Central North Sea projects
“We believe the backdrop of high oil process and increased investment in the North Sea means these licences offer a range of exciting opportunities for United for limited near term outlay,” said chief executive Brian Larkin.
Archive
Oil price, Zephyr, Angus, Challenger, Jadestone, UOG, Prospex. And finally…
Prospex Energy Prospex has provided an update on the Selva field development project in Italy, in which the Company currently holds a 17% working interest in the Podere Gallina licence through its wholly-owned subsidiary PXOG Marshall Limit
United Oil & Gas says 2021 production was slightly ahead of guidance
"United and its JV partners had a 100% success rate for the five exploration and development wells in the 2021 drilling campaign in Egypt,” said chief executive Brian Larkin.
United Oil & Gas starts production at Al Jahraa-13 well
“Following the exceptional drilling success achieved in 2021 we look forward to beginning our 2022 development and exploration drilling programme,” CEO Brian Larkin said
United Oil & Gas hails five out of five success at Egypt’s Abu Sennan oilfield
The 2021 drilling campaign saw five out of five successful wells drilled at Abu Sennan, all of which have been quickly brought into production and generated cash flow for the company
United Oil and Gas extends deadline for Central North Sea deal
The new long stop date for the asset sale is February 28
United Oil & Gas extends exploration licence in Jamaica
“The extension allows us to continue the farm-out campaign with confidence," chief executive Brian Larkin said
United Oil & Gas says AJ-13 well in Egypt is spud
"Following the success of Al Jahraa-8, we are delighted to now be drilling the Al Jahraa-13 well, which can add immediate cash flow to the company”
United Oil & Gas starts producing at ASX-1X well
“Another new discovery is a further positive sign for the remaining exploration potential within licence," said chief executive Brian Larkin
United Oil & Gas says full year production will be in line with guidance
United said it expects full-year production in the range of 2,100 and 2,3000 boepd
United Oil & Gas is well placed to capitalise on opportunities
The production business in Egypt continues to drive positive cash flows, meanwhile, new drill plans are being put together and United seeks select high impact exploration opportunities
United Oil & Gas boosted by another well success in Egypt
“This is the second exploration well drilled in 2021 on Abu Sennan and gives us further confidence in the value of the remaining exploration potential of the licence," said CEO Brian Larkin
United Oil & Gas signs binding deal to sell North Sea assets
Portfolio optimisation is key to the group's strategy, says chief executive Brian Larkin
United Oil & Gas broker confident a fix can be found for water issue
Optiva reckons the shares are worth 6.7p each - more than double the market's current valuation