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 […]
Tag: United Oil & Gas plc
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United Oil & Gas plc preferred potential farm-out partner for the Walton Morant licence has withdrawn two weeks after talks entered a critical stage.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 […]
United Oil & Gas CFO Peter Dunne to leave for daa
United Oil & Gas plc executive director and chief financial officer Peter Dunne will leave after 18 months with the company for a new post. He will become CFO with daa.plc, previously known as Dublin Airport Authority, expected during the first quarter of 2024. “Peter has made an outstanding contribution to United since he joined […]
United enters ‘critical stage’ for Walton Morant farm-out
United Oil & Gas plc said talks had entered a “critical stage” with its preferred potential farm-out partner for the Walton Morant licence in Jamaica. VALUE The company also aims to secure an extension to the licence period, due to expire at the end of January 2024, for additional technical work on the block to […]
United cancels £5.7m Maria sale before giving up licence
United Oil & Gas plc has terminated the £5.7 million conditional sale of the Maria discovery and will withdraw from the central North Sea licence on its expiry at the end of this month. EXHAUSTED The company has several times extended the long stop date for Quattro Energy Ltd’s purchase of P2519, which depended on […]