United Oil & Gas Plc · LSE:UOG
United Oil & Gas — Corporate Update (July 2022)
10 slides from United Oil & Gas's corporate update, Jul 27, 2022
Slide 1: Trading and Operations Update
Trading and Operations Update 27 July 2022
Slide 2: Disclaimer
UNITED OIL & GAS Focused on growth 2 DISCLAIMER This presentation (“Presentation”) is being supplied to you solely for your assumptions. respective directors, officers, partners, employees or advisers or any other information. The Presentation has been prepared by, and is the sole Certain statements
Slide 3: Cash Generative Portfolio with High Reward Upside
UNITED OIL & GAS Focused on growth 3 CASH GENERATIVE PORTFOLIO WITH HIGH REWARD UPSIDE Egypt | Cash generative production Clear path to near term low-cost production from discovered Commercialisation resources and opportunities exploration growth UK (100% WI) A+D UK | Commercialisation options Unite
Slide 4: Finance – Solid H1 Financial Performance
. UNITED OIL & GAS Focused on growth 4 FINANCE – SOLID H1 FINANCIAL PERFORMANCE The information contained herein has not been reviewed by the auditors and may be subject to further review and amendment. All numbers are approximations. • Positive impact of increased realised oil price H1 Group Revenu
Slide 5: Egypt - Stable Production; Active Drilling
UNITED OIL & GAS Focused on growth 5 EGYPT - STABLE PRODUCTION; ACTIVE DRILLING 2022 Wells – Abu Sennan Licence, Egypt H1 2022 Q2 2022 Lost-Time Injuries(2) average production average production 1,552 1,537 ZERO boepd net(1,2) boepd net(1,2) FY 2022 Guidance remains unchanged 1,500-1,650 boepd net t
Slide 6: Egypt Near-Term Growth Catalysts
UNITED OIL & GAS Focused on growth 6 EGYPT NEAR-TERM GROWTH CATALYSTS ASH-4 Development Well ASF-1X Exploration Well ASF-1X Exploration Well Reprocessing has led to significant Due to be drilled Q4 22; uplift in data quality c.60-day well New interpretation increases STOIIP of ASH Field from 17 to 2
Slide 7: Development and Exploration Opportunities
UNITED OIL & GAS Focused on growth 7 DEVELOPMENT AND EXPLORATION OPPORTUNITIES Maria (Licence P2519) Walton Morant Licence, Jamaica Discovered Barrels in a High-Activity Area World-class Exploration Opportunity Maria 6 mmboe Colibri Thunderball 406mmbbls 603 mmbbls Supportive host Government 2022 Pr
Slide 8: Active Work Programme
UNITED OIL & GAS Focused on growth 8 ACTIVE WORK PROGRAMME 2022 2023 Egypt Q3 Q4 Q1 Q2 Q3/Q4 AJ-14 Dev ASH-Dev ASF-1X Exp Drilling Phase 1 Seismic reprocessing and Seismic interpretation - optimise target for Phase 2 Seismic reprocessing ACTIVE DRILLING PROGRAMME PLANNED FOR 2023 ASH and ASF-1X UK -
Slide 9: Strategic Ambition - Value Creation and Growth Options
UNITED OIL & GAS Focused on growth 9 STRATEGIC AMBITION - VALUE CREATION AND GROWTH OPTIONS STRATEGIC AMBITION M&A Full cycle E&P company activity of scale Portfolio Management Organic Growth WWW.UOGPLC.COM
Slide 10: Q&A
Q&A Focused on growth | Trading Statement and Operations update| 27 July 2022 WWW.UOGPLC.COM