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United Oil & Gas Plc (LON:UOG – Get Rating)’s share price dropped 8.3% on Monday . The stock traded as low as GBX 1.57 ($0.02) and last traded at GBX 1.65 ($0.02). Approximately 12,005,044 shares were traded during trading, an increase of 144% from the average daily volume of 4,928,208 shares. The stock had previously […]
United said it is focussing its portfolio on our low-cost production business in Egypt and high-impact exploration opportunities in the Caribbean and...
The broker's core and exploration valuation suggest significant upside to the current market price for United Oil & Gas.
United Oil & Gas ups reserves estimates in Egypt
12 April 2021 | 07:51am StockMarketWire.com - Oil company United Oil & Gas reported a rise quarterly production, underpinned by recently acquired assets in Egypt. Output for the three months through March had risen to 2,520 barrels of oil equivalent per day, up 12% compared to the fourth quarter of 2020. United Oil & Gas said the quarterly production rate was slightly above previously provided guidance for the 2021 first of of between 2,300 and 2,500 boepd. All of the company's production for the period was from the Kuwait Energy Egypt-operated Abu Sennan Licence in Egypt, in which it held a ...