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11 Oct 2021 07:00
United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas
11 October 2021
United Oil & Gas Plc
("United" "the Group" 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 announces a quarterly production update for the third quarter (Q3) of 2021.
· Q3 2021 production averaged 2,022 boepd (1,616 bopd oil and 405 boepd gas) net to United.
· Production from 1 Jan - 30 Sept 2021 (end of Q3) averaged 2,491 boepd (2,023 bopd and 468 boepd gas) net to United.
· 2021 full year production on target to be in line with guidance, 2,100-2,300 boepd, net to United.
All of United's production for the period was from United's 22% non-operating interest in the Abu Sennan Licence, Egypt, which is operated by Kuwait Energy Egypt ("KEE").
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.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of 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 |
Sharan Dhami, Head of IR & ESG | sharan.dhami@uogplc.com |
Beaumont Cornish Limited (Nominated Adviser) | +44 (0) 20 7628 3396 |
Roland Cornish and Felicity Geidt | |
Optiva Securities Limited (Broker) | +44 (0) 20 3137 1902 |
Christian Dennis
| |
Murray (PR Advisor) | +353 (0) 87 6909735 |
Joe Heron | jheron@murrayconsultants.ie |
Camarco (Financial PR/IR) | +44 (0) 20 3757 4983
|
Billy Clegg | James Crothers | Tessa Gough-Allen | uog@camarco.co.uk |
Enquiries
Notes to Editors
United Oil & Gas is a high growth oil and gas company with a portfolio of low-risk, cash generative production, development, appraisal and exploration assets across Egypt, UK, Italy and a high impact exploration licence in Jamaica.
The business is led by an experienced management team with a strong track record of growing full cycle businesses, partnered with established industry players and 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 www.uogplc.com
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