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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 ...

8 March 2021 | 09:43am StockMarketWire.com - Cash shell Nu-Oil and Gas said it had agreed to acquire pirate-deterrent product maker Guardian Maritime and Guardian Barriers for a combined £4 million. Guardian products could be retro-fitted onto the guard rails of maritime vessels and served as a visual deterrent for pirates. They also had proven to be 'impregnable for pirates to board vessels fitted with this technology by using the tools and tactics they employ', Nu-Oil and Gas said. The company also announced that it had agreed, in principle, with largest creditor C4 Energy to restructure a...

United Oil & Gas says Egypt development well finds oil