HOME ABOUT STRATEGY THE BOARD ASSETS INVESTORS SUSTAINABILITY CAREERS CONTACT ABOUT THE COMPANY Oil and gas exploration, development and production company with existing assets in Egypt, UK, Italy and Jamaica. Management strategy is to expand the current portfolio with value accretive acquisitions focused primarily on stable international jurisdictions (see more). United Oil & Gas (UOG) was established in 2015. COMPANY HISTORY 2015 United Oil & Gas established 2016 Acquired PL090 licence, onshore UK 2017 Farm-in agreed on the Podere Gallina licence, Italy Admission to the London Stock Exchange’s Main Market via RTO with Senterra Energy Plc Farmed-in to the Tullow-operated Walton-Morant licence, Jamaica | Commenced drilling PM-1 well on the Podere Gallina Licence, Italy 2018 PM-1well-testing proves up commercial discovery Farm-in agreements signed on offshore UK Licences P1918 and P2264 (Colter and Acle) Graham Martin appointed as Non-Executive Chairman Completion of 3D seismic survey offshore Jamaica, Submission of production concession application to develop the PM-1 Selva Gas Field in Italy Award of two blocks, including the Crown oil discovery, in the UK 30th Licensing Round Selva Gas Field development plan approved 2019 Colter well completed offshore UK - new discovery Move from Standard Market to AIM David Quirke appointed as CFO Awarded 4 Blocks in the UK 31st Licensing Round SPA signed on Rockhopper Egypt’s Abu Sennan assets Divestment of Licence P2366 (Crown) 2020 Completion of Rockhopper Egypt acquisition Appointment of Ms Iman Hill as non-executive director Welcomed new institutional investors Establishment of Environmental, Social and Governance (ESG) Board Committee ASH-2 and ES-5 Wells in Egypt increased working interest production from 1,709 boepd on 1st March 2020 to 2,716 boepd on 30th June 2020 100% equity stake and operatorship of the Walton Morant licence in Jamaica along with 18-month extension secured Provisional award of Blocks 15/18e and 15/19c, containing the Maria and 15/18a-6 Discoveries, in the UK’s 32nd offshore licensing round 1H 2021 Abu Sennan Licence, Egypt • Group working interest 1H 2021 production averaged 2,730 boepd • 4 /4 successful wells drilled to Sept 2021 • Long-term plan in Egypt to realise full potential of the Abu Sennan licence – Indicative long term drilling programme starting with four wells in 2022 – Potential to deliver large reserves, production and exploration upside • Zero Lost time incidents, Medical Treatment Injury, Restricted Work Injury, Spills, fires or environmental incidents Walton Morant Licence, Jamaica • Actively working to achieve the best path forward for this exciting high-impact asset • Formal farm-out campaign, which commenced in early April continues UK CNS & Italy Divestments of non-core assets in UK CNS and Italy signed (post 1H 2021) in line with the Company’s strategy to reinvest the proceeds to support growth; • Signed conditional SPA for sale of Italian interests for €2.165m (c. $2.54m) • Signed conditional SPA for the sale of UK Central North Sea Licences for a consideration of up to £3.2m (c $4.4m) • Clear ESG focus and actions including evaluation of emissions baseline in Egypt and contributions to social investment programmes • Continued evaluation of new business opportunities to grow the business in line with our strategy PRIVACY POLICY |