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Share Price: 0.25

Bid: 0.24

Ask: 0.26

Change: 0.00 (0.00%)

Spread: 0.02 (8.333%)

Open: 0.245

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IN BRIEF: United Oil & Gas revenue and profit rise in the first half

Tue, 28th Sep 2021 11:42

United Oil & Gas PLC - producer and explorer in the Mediterranean, Caribbean and Latin America - Revenue in the first half of 2021 surges to USD10.2 million from USD2.4 million a year prior. Pretax profit increases 14% to USD2.0 million from USD1.8 million. Production increases 38% to 2,730 barrels of oil equivalent per day from 1,975 boepd. Plans to drill four wells in 2022. Full-year capital expenditure forecast raised to between USD7.5 million and USD8.0 million, from USD7.2 million. Capex will be fully funded from existing operations.

Current stock price: 2.60p per share

Year-to-date change: down 13%

By Ivan Edwards; ivanedwards@alliancenews.com

More News

6 Feb 2019 11:23

United Oil & Gas And Baron Oil Report Spudding Of Colter Well

LONDON (Alliance News) - United Oil & Gas PLC and Baron Oil PLC on Wednesday reported the spudding of the Colter well, located in the Wytch Farm offshore UK.Both companies have been of

15 Jan 2019 10:28

United Oil And Prospex Secures Approval For Italian Gas Field

LONDON (Alliance News) - United Oil & Gas PLC and Prospex Oil & Gas PLC said Tuesday they have been granted preliminary approval for the production concession application to develop the in

15 Jan 2019 10:02

United Oil & Gas upbeat as Selva Field given preliminary approval

(Sharecast News) - Exploration and development company United Oil & Gas announced on Tuesday that it has been advised by the operator, Po Valley Energy, that the production concession application to develop the Selva Gas Field, onshore Italy, has been granted preliminary approval by the Italian government.

19 Dec 2018 11:35

United Oil & Gas awaits mobilisation of drilling unit to Colter well

(Sharecast News) - Exploration and development outfit United Oil & Gas has seen the Ensco 72 jack-up drilling unit contracted to dill the Colter appraisal well mobilise to the Wick prospect drilling location.

28 Sep 2018 12:25

Wick, Colter Prospect Investees Note Drilling Rig Deal By Corallian

LONDON (Alliance News) - Reabold Resources PLC on Friday noted Corallian Energy Ltd's signing of a rig to drill the Wick and Colter prospects offshore UK.Reabold has a 33% interest in a

18 Sep 2018 12:43

United Oil raises £3m for new investments through oversubscribed placing

(Sharecast News) - Exploration and development company United Oil & Gas has raised £3m via an oversubscribed placing and subscription with existing and new investors, it announced on Tuesday.

18 Sep 2018 12:39

United Oil & Gas Interim Loss Widens, Raises GBP3 Million Via Placing (ALLISS)

LONDON (Alliance News) - United Oil & Gas PLC said Tuesday its loss for the first half of the year widened as it prepares for an "exciting 2018".For the six months to June 30,

23 Aug 2018 10:12

United Oil & Gas Looking For Partners As It Confirms Block Awards

LONDON (Alliance News) - United Oil & Gas PLC shares rose on Thursday as the company confirmed it has been awarded two new blocks in the UK North Sea.Blocks 15/18d and 15/19b have of up

23 Aug 2018 08:37

United Oil and Gas confirms award of two 'highly prospective' North Sea blocks

(Sharecast News) - London-listed exploration and development company United Oil and Gas has been awarded two 'highly prospective' North Sea blocks.

13 Aug 2018 13:19

United Oil & Gas Says Tullow Delivers New 3D Survey Of Walton-Morant

LONDON (Alliance News) - Exploration company United Oil & Gas PLC said the Walton-Morant licence operator Tullow Jamaica Ltd delivered a fast track version of a recently acquired 3D seismic a

25 Jul 2018 13:11

Colter And Wick Prospect Partners Sign-Off On Expenditure

LONDON (Alliance News) - Baron Oil PLC, Reabold Resources PLC and Upland Resources Ltd on Wednesday signed authorisation for expenditures for the Wick well, located in the North Baron Oil, Reabold

18 Jun 2018 15:58

UK Shareholder Meetings Calendar - Next 7 Days

Tuesday 19 JuneEvrazMetals ExplorationHC SlingsbyTrinity Exploration & In Direct

29 May 2018 12:09

UPDATE: Prospex Notes Po Valley's Application For New Italy Gas Field

LONDON (Alliance News) - Prospex Oil and Gas PLC said Tuesday that Po Valley Energy Ltd has submitted a production concession application for developing a new high return gas field in northern the

15 May 2018 12:59

Reabold Resources Investee Corallian Inks Pact For Drilling 2 UK Wells

LONDON (Alliance News) - Reabold Resources PLC said Tuesday that investee Corallian Energy Ltd has signed a preliminary agreement with Ensco UK to secure a jack-up drilling unit for Colter and to

14 May 2018 12:01

United Oil & Gas Optimistic After Finishing 3D Data Work In Jamaica

LONDON (Alliance News) - United Oil & Gas PLC on Monday said it has completed 3D seismic data acquisition over its Walton-Morant licence ahead of schedule.The 2,250 square kilometre was

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IN BRIEF: United Oil & Gas revenue and profit rise in the first half

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