United Oil & Gas is predicted to grow production further in second quarter
Stockbroker Cenkos rates United Oil & Gas as a 'buy'.
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 increased in Q1
Output in the first three months of 2021 was slightly ahead of guidance boosted by a new pipeline and a new well.
United Oil & Gas gets target lift after news from Egypt and Italy
The ASD-1X well was the latest in a string of positive results for United in Egypt
United Oil & Gas expects production growth as Egyptian success continues
"Operating costs in Egypt are cheap, the drilling costs are cheap and the exploration upside is low-risk."
United Oil and Gas gets a result at Abu Sennan
The ASD-1X exploration well, located 12km to the north-east of the producing Al Jahraa Field, safely reached its projected depth several days ahead of schedule and under budget.
United Oil & Gas tipped by Cenkos to repeat drilling success in Egypt
The targeted reservoirs are expected to be encountered between 3,000-3,500m measured depth.
United Oil & Gas spuds ASD-1X exploration well
"There is considerable exploration potential in the Abu Sennan licence, and it is great to be actively drilling wells to unlock that potential,” said Brian Larkin
United Oil & Gas price target lifted by stockbroker as latest well beats expectations
Cenkos repeated a ‘buy’ recommendation with a new price target of 28p, up from 26.6p.
United Oil & Gas shares advance as ASH-3 well results impress
"The ASH Field continues to out-perform our estimates and following on from the success of the 2020 drilling programme," said chief executive Brian Larkin.
Cenkos says United Oil & Gas is a ‘buy’ after third Egyptian well success in a row
“ASH-3 is the third successful well for the Abu Sennan block partners and UOG, with United enjoying a 100% drilling success rate since acquiring Rockhopper Egypt,” Cenkos highlighted.
United Oil & Gas says ASH-3 well to deliver production lift
The ASH-3 well was delivered ahead of schedule and under budget.
United Oil and Gas sees production rising again in 2021
A farm-out process of the Walton prospect offshore Jamaica starts shortly with first gas from Italy also due this quarter
United Oil & Gas highlights strong production performance at Abu Sennan project in Egypt
"The Abu Sennan asset continues to perform strongly,” said chief operating officer Jonathan Leather.
United Oil & Gas starts 2021 with optimism and promise as new Egypt drilling starts
The ASH-3 well aims to follow-up the recent expectation beating success at the Abu Sennan project in Egypt.
United Oil & Gas kicks off 2021 Egypt well campaign
“There is clearly great potential in the ASH Field, and if the outstanding success that was achieved in the ASH-2 well can be replicated here, it will be a fantastic result," said chief executive Brian Larkin
United Oil and Gas higher as ASH gas pipeline completed at Abu Sennan licence
The company said the gas pipeline was brought onstream on December 27 and has increased environmental efficiency and gas recovery rates across the project
United Oil & Gas appoints former Tullow Oil CFO Tom Hickey as an independent non-executive director
Hickey is currently CEO of Boru Energy Limited, the West African focussed private oil and gas company, which is supported by The Carlyle Group
United Oil & Gas price target raised by brokers after Jamaica upgrade
Resources at the primary target, Colibri, increased by 77% to a mean average 406mln barrels
United Oil & Gas highlights new 2.4bn barrel estimate for Jamaica exploration project
"United has long held the view that the Walton Morant Basin is a highly prospective and exciting basin, with billion-barrel potential,” said chief operating officer Jonathan Leather.
United Oil & Gas now expects Crown milestone payment in 2021
The company expects to receive payment in the second quarter of 2021