United Oil & Gas PLC Quarterly Production Report (5770O)
October 11 2021 - 2:00AM
UK Regulatory
TIDMUOG
RNS Number : 5770O
United Oil & Gas PLC
11 October 2021
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 uog@camarco.co.uk
Gough-Allen
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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END
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