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 […]
Tag: United Oil & Gas plc
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 […]
United exits Italy with sale of Selva to Prospex
United Oil & Gas plc said it had completed the sale of its assets in the Podere Gallina licence containing the Selva gas development project in Italy. APPROVAL The company sold its 100% share capital of UOG Italia Srl to PXOG Marshall Ltd, a subsidiary of Prospex Energy plc for €2,164,701 following final approvals from the […]
United nears closing sale of Selva interest
United Oil & Gas plc has received approval from authorities in Italy to transfer ownership of the company’s Italian assets to Prospex Energy plc. SPA UOG Italia Srl holds a 20% non-operated interest in the Podere Gallina licence, which contains the Selva gas development project. In August 2021, United signed a conditional sales and purchase […]
United starts production from ASD-2 well at Abu Sennan
United Oil & Gas plc has started production, with rates significantly higher than pre-drill expectations, at the ASD-2 development well in Abu Sennan joint venture (JV) licence, offshore Egypt. OPERATIONS The company holds a 22% working interest in the licence which is operated by Kuwait Energy Egypt. The ASD-2 well is the eighth consecutive successful […]