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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

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United Oil upbeat on spudding of latest Abu Sennan well

(Sharecast News) - United Oil & Gas announced the spudding of the ASD-1X exploration well in Egypt's Abu Sennan licence on Monday, where it holds a 22% working interest alongside operator Kuwait Energy Egypt.

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IN BRIEF: United Oil & Gas Notes Completed Walton Morant Report

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IN BRIEF: United Oil & Gas Expects Crown Disposal Payment In 2021

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United Oil confirms Covid delays to Crown discovery payments

(Sharecast News) - United Oil & Gas updated the market on Friday on the milestone payment from Hibiscus Petroleum's indirect wholly-owned subsidiary, Anasuria Hibiscus UK, for the purchase of licence P2366, blocks 15/18d and 15/19b, which include the Crown discovery.

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

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