United Oil & Gas plc has started production from the commercial discovery declared at the ASX-1X oil exploration well in the Abu Sennan licence, onshore Egypt. ASX-1X The ASX-1X well is the second exploration well to be drilled in 2021 on the Abu Sennan licence in which United holds a 22% interest. The company received […]
Tag: United Oil & Gas
United positive for the future on strength of 2020
United Oil and Gas plc said its strong financial and performance during 2020 has well placed the company to build on its successes and withstand uncertain hydrocarbon prices. In its trading report for 2020, the oil and gas production, development, exploration and appraisal group, announced it had total revenues of $9 to $9.2 million for […]
United remains within guidance on production increase
United Oil & Gas has announced that production remained within guidance following an increase from its Abu Sennan interest, onshore Egypt. PRODUCTION The company holds a 22% working interest in the licence which is operated by Kuwait Energy Egypt. In its fourth quarter results for 2020, United reported its second half net working interest averaged […]
United completes ASH gas pipeline and boosts output
United Oil and Gas plc announced an additional 5.45 million standard cubic feet per day (1,090 barrels of oil equivalent per day) gross after completing the ASH gas pipeline at the Abu Sennan licence in Egypt. The company, which has production, development, exploration and appraisal assets, added that gas recovery rates had improved across the […]
United appoints Tom Hickey as independent NED
United Oil & Gas plc has appointed Tom Hickey as independent non-executive director with effect from 1 January 2021. He will also chair United’s audit committee and will sit on the company’s AIM compliance and remuneration committees. Mr Hickey was chief financial officer for Tullow Oil plc from 2000 to 2008 and took a central […]
United aims to exceed production guidance
United Oil & Gas plc announced it expected to exceed the previous guidance of 2,300 boepd when the company starts drilling at its joint venture Abu Sennan licence, onshore Egypt. DRILL CAMPAIGN The company said it had awarded an EDC-50 rig contract with low-cost rig rates linked to oil prices. The rig is due to […]