Business
Quarterly Production Update
Quarterly Production Update.
About this update from United Oil & Gas Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0561V\n United Oil & Gas PLC\n 12 April 2021\n \n \n \n \n United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas\n \n \n \n \n \n 12 April 2021\n \n \n \n \n \n United Oil and Gas plc \n \n \n (\"United\" or \"the Company\")\n \n \n \n \n \n \n \n \n Quarterly Production Report\n \n \n \n \n \n United Oil & Gas PLC (AIM: \"UOG\"), \n the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, offers a quarterly production update for the first quarter of 2021.\n \n \n \n \n \n · \n United's Q1 2021 net working interest production averaged 2,520 boepd (2,053 bopd oil and 467 boepd gas), slightly above the previously provided guidance for H1-21 of between 2,300 and 2,500 boepd\n \n \n \n \n \n · \n This represents a 12% uplift compared to Q4 2020, largely driven by the additional production through the ASH gas pipeline (completed 27th December 2020) and more recently from the ASH-3 well, which has been producing at an average of over 4,000 boepd (880 boepd net) since coming onstream on 5 March\n \n \n \n \n \n \n \n \n All of United's production for the period was from the Kuwait Energy Egypt (\"KEE\") operated Abu Sennan Licence, Egypt, in which United holds a 22% working interest.\n \n \n \n \n \n This data will vary quarter on quarter as development, appraisal and exploration operations continue.\n \n \n \n \n \n **ENDS**\n \n \n \n \n \n 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. \n \n \n \n \n \n The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 (\"UK MAR\").\n \n \n \n \n \n Glossary:\n \n \n boep...