United Oil & Gas (UOG)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

0.090p
   
  • Change Today:
      0.003p
  • 52 Week High: 0.32
  • 52 Week Low: 0.068
  • Currency: UK Pounds
  • Shares Issued: 1,915.88m
  • Volume: 224,698,910
  • Market Cap: £1.72m
  • RiskGrade: 324
  • Beta: 0.01

United Oil spuds latest Abu Sennan development well

By Josh White

Date: Tuesday 21 Jun 2022

LONDON (ShareCast) - (Sharecast News) - United Oil & Gas announced the spudding of the Al Jahraa-14 development (AJ-14) well in the Abu Sennan licence, onshore Egypt on Tuesday.
The AIM-traded well said frilling of the well had started, with it primarily targeting the main producing c Abu Roash C (ARC) reservoir on the Al Jahraa Field, with a secondary target in the Abu Roash G (ARG).

It said the well was expected to take about 60 days to drill and complete, and was fully funded from operational cash flow.

On completion of drilling, AJ-14 was expected to be brought into production "rapidly", the company added.

"We look forward to continuing the 2022 drilling programme with the spudding of the AJ-14 development well, the third of five wells expected to be drilled this year," said chief executive officer Brian Larkin.

"As we have shown, successful development wells can be brought into production within days via existing infrastructure, adding production and revenue to the company and with a typical well achieving payback within several months.

"Egypt offers a low-cost operating environment, with attractive fiscal terms and continues to deliver positive operating cash flow to United."

At 1317 BST, shares in United Oil & Gas were up 7.78% at 1.94p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

UOG Market Data

Currency UK Pounds
Share Price 0.090p
Change Today 0.003p
% Change -2.70 %
52 Week High 0.32
52 Week Low 0.068
Volume 224,698,910
Shares Issued 1,915.88m
Market Cap £1.72m
Beta 0.01
RiskGrade 324

UOG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
71.27% above the market average71.27% above the market average71.27% above the market average71.27% above the market average71.27% above the market average
47.83% above the sector average47.83% above the sector average47.83% above the sector average47.83% above the sector average47.83% above the sector average
Price Trend
88.09% below the market average88.09% below the market average88.09% below the market average88.09% below the market average88.09% below the market average
72.6% below the sector average72.6% below the sector average72.6% below the sector average72.6% below the sector average72.6% below the sector average
Income Not Available
Growth
34.80% above the market average34.80% above the market average34.80% above the market average34.80% above the market average34.80% above the market average
44.68% above the sector average44.68% above the sector average44.68% above the sector average44.68% above the sector average44.68% above the sector average

UOG Dividends

No dividends found

Trades for 04-Apr-2025

Time Volume / Share Price
16:35 75,000 @ 0.090p
16:35 75,000 @ 0.090p
15:35 52,632 @ 0.090p
15:06 1,111,737 @ 0.098p
15:05 698,332 @ 0.098p

UOG Key Personnel

CEO Brian Larkin

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