We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
United Oil & Gas Plc | LSE:UOG | London | Ordinary Share | GB00BYX0MB92 | ORD GBP0.00001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.0025 | -1.49% | 0.165 | 0.16 | 0.17 | 0.1675 | 0.165 | 0.1675 | 5,381,032 | 11:14:30 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 15.83M | 2.35M | 0.0036 | 0.44 | 1.05M |
TIDMUOG
RNS Number : 0561V
United Oil & Gas PLC
12 April 2021
United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas
12 April 2021
United Oil and Gas plc
("United" or "the Company")
Quarterly Production Report
United Oil & Gas PLC (AIM: "UOG"), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, offers a quarterly production update for the first quarter of 2021.
-- United's Q1 2021 net working interest production averaged 2,520 boepd (2,053 bopd oil and 467 boepd gas), slightly above the previously provided guidance for H1-21 of between 2,300 and 2,500 boepd
-- This represents a 12% uplift compared to Q4 2020, largely driven by the additional production through the ASH gas pipeline (completed 27(th) December 2020) and more recently from the ASH-3 well, which has been producing at an average of over 4,000 boepd (880 boepd net) since coming onstream on 5 March
All of United's production for the period was from the Kuwait Energy Egypt ("KEE") operated Abu Sennan Licence, Egypt, in which United holds a 22% working interest.
This data will vary quarter on quarter as development, appraisal and exploration operations continue.
**ENDS**
Jonathan Leather, an Executive Director of the Company, who has over 20 years of relevant experience in the oil and gas industry, has reviewed and approved the information contained in this announcement. Dr Jonathan Leather is a qualified person as defined in the guidance note for Mining Oil & Gas Companies of the London Stock Exchange and is a member of the Petroleum Exploration Society of Great Britain and the Society of Petroleum Engineers.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").
Glossary:
boepd - barrels of oil equivalent per day
bopd - barrels of oil per day
United Oil & Gas Plc (Company) Brian Larkin, CEO brian.larkin@uogplc.com Beaumont Cornish Limited (Nominated Adviser) Roland Cornish and Felicity Geidt +44 (0) 20 7628 3396 Optiva Securities Limited (Broker) Christian Dennis +44 (0) 20 3137 1902 Murray (PR Advisor) +353 (0) 87 6909735 Joe Heron jheron@murrayconsultants.ie Camarco (Financial PR/IR) Billy Clegg +44 (0) 20 3757 4983 Georgia Edmonds uog@camarco.co.uk James Crothers
Notes to Editors
United Oil & Gas is a high growth oil and gas company with a portfolio of low-risk, cash generative production and development assets across Egypt, UK, Italy and a high impact exploration licence in Jamaica.
Led by an experienced management team with a strong track record of growing full cycle businesses and partnered with established industry players, the Company is well positioned to deliver future growth through portfolio optimisation and targeted acquisitions.
United Oil & Gas is listed on the AIM market of the London Stock Exchange. For further information on United Oil and Gas please visit https://www.uogplc.com/
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DRLMZGMDRMGGMZG
(END) Dow Jones Newswires
April 12, 2021 02:00 ET (06:00 GMT)
1 Year United Oil & Gas Chart |
1 Month United Oil & Gas Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions