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London Stock Exchange

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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

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News

2 Dec 2020 16:12

United Oil confirms rig contract for Abu Sennan

(Sharecast News) - United Oil & Gas updated the market on the Abu Sennan licence in Egypt on Wednesday, where it holds a 22% working interest, including the signing of the rig contract for the ASH-3 well.

2 Dec 2020 11:09

United Oil & Gas On Track To Top Guidance; Re-Commences Egypt Drilling

United Oil & Gas On Track To Top Guidance; Re-Commences Egypt Drilling

29 Sep 2020 14:33

UK EARNINGS SUMMARY: John Menzies Struggles As Travel Demand Plunges

UK EARNINGS SUMMARY: John Menzies Struggles As Travel Demand Plunges

7 Sep 2020 18:45

IN BRIEF: United Oil & Gas Adds Former Energean COO Iman Hill To Board

IN BRIEF: United Oil & Gas Adds Former Energean COO Iman Hill To Board

3 Sep 2020 17:53

UK Oil & Gas Firms Win Several Licences In 32nd UKCS Licensing Round

UK Oil & Gas Firms Win Several Licences In 32nd UKCS Licensing Round

27 Aug 2020 17:43

IN BRIEF: Rockhopper Nets GBP3 Million From United Oil Stake Sale

IN BRIEF: Rockhopper Nets GBP3 Million From United Oil Stake Sale

3 Aug 2020 18:22

UK TRADING UPDATE SUMMARY: Tiziana Offering to Raise GBP57 Million

UK TRADING UPDATE SUMMARY: Tiziana Offering to Raise GBP57 Million

3 Aug 2020 11:41

United Oil gets nod from Jamaican government for Walton Morant

(Sharecast News) - United Oil and Gas has received approval from the Jamaican government to take forward the Walton Morant Licence in Jamaica, it announced on Monday, on a 100% operated basis.

24 Jun 2020 11:59

IN BRIEF: United Oil & Gas Notes Abu Sennan Reserves Increase

IN BRIEF: United Oil & Gas Notes Abu Sennan Reserves Increase

24 Jun 2020 11:24

United Oil reports rise in reserves at Abu Sennan

(Sharecast News) - United Oil & Gas updated the market on reserves at Abu Sennan as well as its production on Wednesday, reporting gross average production of 13,900 barrels of oil equivalent per day from the concession in the first half of June.

3 Jun 2020 11:52

UK TRADING UPDATE SUMMARY: Integumen Kicks Off Covid-19 Skin Trials

UK TRADING UPDATE SUMMARY: Integumen Kicks Off Covid-19 Skin Trials

29 May 2020 15:52

United Oil & Gas Annual Loss Widens On Impairments, Transaction Costs

United Oil & Gas Annual Loss Widens On Impairments, Transaction Costs

2 Apr 2020 16:02

UK TRADING UPDATE SUMMARY: M&C Saatchi Feels Virus Pain

UK TRADING UPDATE SUMMARY: M&C Saatchi Feels Virus Pain

12 Mar 2020 17:25

United Oil Appoints Rockhopper CFO Stewart MacDonald To Board

United Oil Appoints Rockhopper CFO Stewart MacDonald To Board

28 Feb 2020 16:28

United Oil & Gas Completes Acquisition Of Rockhopper Egypt

United Oil & Gas Completes Acquisition Of Rockhopper Egypt