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London Stock Exchange

Share Price is delayed by 15 minutes

Share Price: 0.21

Bid: 0.20

Ask: 0.22

Change: 0.0235 (12.60%)

Spread: 0.02 (10.00%)

Open: 0.19

High: 0.21

Low: 0.19

Prev. Close: 0.1865

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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

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News

4 Jan 2023 15:31

United Oil 'disappointed' by latest drilling at Abu Sennan

(Sharecast News) - United Oil & Gas announced the completion of drilling operations on the ASW-1X exploration well in the Abu Sennan licence, onshore Egypt on Wednesday.

4 Jan 2023 10:36

United Oil & shares fall as Abu Sennan drilling disappoints

(Alliance News) - United Oil & Gas PLC on Wednesday said drilling had failed to find hydrocarbons at the Abu Sennan licence.

6 Dec 2022 17:11

TRADING UPDATES: Securities Trust of Scotland outperforms benchmark

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

6 Dec 2022 16:24

United Oil announces spudding of latest Abu Sennan well

(Sharecast News) - United Oil announced the spudding of the ASW-1X exploration well in the Abu Sennan licence, onshore Egypt, on Tuesday.

24 Nov 2022 12:13

LONDON MARKET MIDDAY: FTSE 100 underperforms; pound continues climb

(Alliance News) - The FTSE 100 index edged into the green by midday on Thursday, while London mid- and small-caps continued to outperform a bit.

24 Nov 2022 12:10

United Oil & Gas notes Egypt ASH-4 well production rate below goal

(Alliance News) - United Oil & Gas PLC said on Thursday morning that the production of its ASH-4 well in Egypt was below preliminary tests of its average flow rate.

24 Nov 2022 11:15

AIM WINNERS & LOSERS: UOG well disappoints; Arkle finds pegmatites

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

15 Nov 2022 13:02

United Oil & Gas gets good flow rate test results for well in Egypt

(Alliance News) - United Oil & Gas PLC on Tuesday announced positive test results for a well in the Abu Sennan concession in the Western Desert of Egypt.

15 Nov 2022 11:46

United Oil updates market on testing at Abu Sennan

(Sharecast News) - Energy developer and producer United Oil updated the market on testing at the ASH-4 development well in the onshore Abu Sennan licence in Egypt on Tuesday.

28 Oct 2022 10:31

United Oil expects increased returns on basis of successful well work

(Alliance News) - United Oil & Gas PLC on Friday saw shares jump as its development well at the Abu Sennan licence reached a drilling depth target under budget and according to schedule.

28 Oct 2022 10:20

United Oil shares jump on latest Abu Sennan drilling

(Sharecast News) - United Oil & Gas updated the market on the drilling of the ASH-4 development well in the Abu Sennan licence, onshore Egypt on Friday, where it holds a 22% non-operating interest in the licence operated by Kuwait Energy Egypt.

27 Sep 2022 20:25

EARNINGS SUMMARY: S&U, United Oil & Gas profit up; Worldsec sees loss

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

15 Sep 2022 12:16

United Oil & Gas unable to establish consistent flow at Egyptian site

(Alliance News) - United Oil & Gas PLC on Thursday reported that consistent flow rates "have yet to be established" at its Al Jahraa-14 well.

5 Aug 2022 14:58

TRADING UPDATES: 4D Pharma warns of wind-up; Star Phoenix files claim

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and Wednesday and not separately reported by Alliance News:

27 Jul 2022 14:26

IN BRIEF: United Oil & Gas produces less oil as price skyrockets

United Oil & Gas PLC - oil and gas company operating in Egypt, Italy and UK - Produces less oil in the half-year to June 30 than a year ago as the realised oil price skyrockets.