United Oil & Gas counts down to new Abu Sennan drilling
As new work programmes move closer, the company noted that production for the second half of 2020 is set to exceed earlier expectations
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 targets upgraded as City analysts see more upside
Cenkos and Optiva both see significant upside for United with new targets set at 19.1p and 20.5p respectively.
United Oil and Gas confirms successful first half driven by Egypt production
United’s Egypt business, acquired in February, provided the catalyst for the first-half performance.
United Oil & Gas names experienced oil industry leader, Iman Hill as an independent non-executive director
She has over 30 years' experience in delivering successful exploration and production projects at global companies such as Shell, BP, BG Group, Dana Gas, Sasol and Energean
United Oil & Gas expands North Sea footprint with licence awards
"United has a proven record of success in UK licencing rounds," said chief operating officer Jonathan Leather
United Oil & Gas boosted by significantly strengthened shareholder base - Cenkos
“A common complaint with small-cap stocks is a lack of liquidity, however in United’s case this is not the case," Cenkos says.
United Oil & Gas welcomes new institutional investors as Rockhopper exits
United said the Egypt acquisition has been “transformational”
United Oil & Gas Jamaica licence approval a "pivotal moment" for the explorer, says City broker
“We view the award of the Walton Morant licence as a huge endorsement of the United team and its capabilities to operate a frontier, deep-water licence,” said Cenkos, reiterating its ‘buy’ advice after increasing its net asset valuation of
United Oil & Gas gets Jamaican Government approval to take forward the Walton Morant Licence on a 100%-operated basis
The initial exploration period also extended for 18 months meaning the group now has until January 31, 2022, before the drill-or-drop decision is required
United Oil & Gas shares in demand after Cenkos valuation upgrade
The price target moves to 9.5p a share, a 280% premium to Friday's close
United Oil & Gas confirms production and reserves growth in Egypt
The latest impressive well at Abu Sennan is yielding 3,060 boepd net to United, in testing.
United OIl & Gas' Egypt assets alone worth more than share price says broker
Optiva says Abu Sennan is proving to be an incredibly robust asset that is worth 4.4p per share.
Proactive Oil & Gas weekly highlights: United Oil & Gas, COPL, Premier Oil, Bahamas Petroleum ...
It was another active week in London's oil and gas sector
United Oil & Gas target lifted by Cenkos after El Salmiya-5 well
The 8,700 flow boepd achieved on test is just from the primary Kharita target and does not include production from the Abu Roash C or E Members
United Oil & Gas shares soar as Egypt asset delivers another significant new well
"With a headline figure of c. 8,700 boepd achieved on test from the primary target in the Kharita, it is fair to say the results have significantly exceeded our pre-drill expectations," chief executive Brian Larkin said
United Oil & Gas’s Egypt deal is “gift that keeps on giving” - Cenkos
“We believe United is one of the leanest companies in the sector, making the company much more resilient to the current low oil price environment.”
Morning View - United Oil & Gas and more..
UOG’s FY19 results underline a year of effective pre-production operational performance. Since the Company’s listing in March last year, the core story for UOG has been the acquisition of Rockhopper Egypt and its 22% interest in the Abu Sen
United Oil & Gas results highlight growth and transformation in 2019 via Egypt acquisition
The Rockhiopper assets acquired in Egypt continue to exceed expectations and provide positive operational cashflow even during times of low oil prices
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A glance at some of the day's highlights from the Proactive Investors newswire
United Oil & Gas highlights strong production whilst detailing proactive actions in response to coronavirus impacts
“I am delighted that production in Egypt continues to rise, helping to compensate for the lower oil prices,” said CEO Brian Larkin