United Oil & Gas plc has received a default notice for US$3,822,143 outstanding cash calls for the Abu Sennan licence in which it tried to sell its 22% interest. DISCUSSIONS The company has 30 days, beginning 28 January, to address the November 2023 notice from operator Kuwait Energy Egypt Ltd under their joint operating agreement […]
Tag: United Oil & Gas plc
United agrees two-year extension to Walton Morant
United Oil & Gas plc has agreed a two-year extension to the initial exploration period of its 22,400km2 Walton Morant block offshore Jamaica. CONFIDENT Pending the final signature by the Ministry of Science, Energy, Telecommunications and Transport (MSETT) on an amendment to the production sharing agreement (PSA) the licence will run to 31 January 2026. The company […]
United opens new area of Abu Sennan
United Oil & Gas plc has opened a new area of the Abu Sennan licence following petrophysical analysis of tests on the final well drilled in 2023. CHALLENGING The ASD S-1X exploration well, which reached a total depth of 3,450 metres on 12 December, showed a total 9.5 metres of net pay, including 6m net […]
United to test final 2023 well and finalise 2024 plans
United Oil & Gas plc has ended its 2023 drilling programme with the ASD S-1X exploration well on the ASD south prospect on the Abu Sennan licence, onshore Egypt. COMMERCIAL Drilling began on 11 November and reached a total depth of 3,450 metres on 12 December, ahead of schedule and under budget. The well was […]
United’s preferred partner for Walton Morant exits talks
United Oil & Gas plc preferred potential farm-out partner for the Walton Morant licence has withdrawn two weeks after talks entered a critical stage. LICENCE EXTENSION The company said it would focus on the “recent positive interest” in the Jamaica asset shown by other parties. “The board believes that the renewed interest in exploration opportunities […]
United appoints Simon Brett as interim CFO
United Oil & Gas plc has appointed Simon Brett as interim chief financial officer and company secretary, effective immediately. Mr Brett has sectoral and public market experience having worked 14 years at Barryroe Offshore Energy plc in a senior executive position and latterly ten years as CFO. He previously held senior finance positions with Coca […]