United Oil & Gas plc said it had to date found no hydrocarbons from drilling the ASV-1X exploration well in the Abu Sennan joint venture (JV) licence, onshore Egypt. ASV-1X Kuwait Energy Egypt operates the licence in which United holds a 22% working interest. The ASV-1X well was drilled under budget to a total depth […]
Tag: United Oil & Gas plc
United spuds AJ-14 development well
United Oil & Gas plc said that the Al Jahraa-14 development (AJ-14) well has spud in the Abu Sennan joint venture licence, onshore Egypt. JOINT VENTURE The company holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt (KEE). AJ-14 The AJ-14 development well, the third of five wells expected […]
United plans well test on ARC reservoir in ASV-1X well at Abu Sennan
United Oil & Gas plc said it supported plans for a well test on the ARC reservoir in the ASV-1X exploration well at the Abu Sennan licence, onshore Egypt. DRILL The company holds a 22% working interest in the Abu Sennan licence, which is operated by Kuwait Energy Egypt. United said that the well was […]
United Oil & Gas appoints Peter Dunne as CFO
United Oil & Gas plc has appointed Peter Dunne as chief financial officer (CFO), effective from today, 5 May 2022. Mr Dunne will also be appointed a director and as company secretary at the end of the general meeting on 1 June 2022. David Quirke will step down as director and company secretary on the […]
United profits increase four-fold on higher prices
United Oil & Gas plc announced strong finances for 2021 with a four-fold increase in post-tax profits from its oil and gas assets. OPERATIONS The group’s working interest for 2021 production averaged 2,327 boepd (2020: 2,195 boepd) in line with guidance of 2,100 – 2,300 boepd. United recorded 100% drilling success in a five-well 2021 […]
United Oil & Gas CFO David Quirke to step down
United Oil & Gas plc announced that David Quirke will step down as chief financial officer (CFO) and executive director at a date to be agreed. The company added that a search for his replacement was well advanced. Mr Quirke, who is leaving to pursue new challenges, will remain in his post to ensure an orderly […]