United Oil & Gas Plc · LSE:UOG
United Oil & Gas — Corporate Update (January 2022)
8 slides from United Oil & Gas's corporate update, Jan 27, 2022
Slide 1: Trading & Operations Update: Egypt 2022 Work Programme
TRADING & OPERATIONS UPDATE Abu Sennan licence, Egypt EGYPT 2022 WORK PROGRAMME 27 January 2022 0
Slide 2: Disclaimer
DISCLAIMER This presentation (“Presentation”) is being supplied to you solely for The Presentation may not be reproduced or redistributed, in whole These risks include, but are not limited to, risks associated with the your information. The Presentation has been prepared by, and is the or in part, t
Slide 3: 2021 Summary
2021 SUMMARY 2,327 boepd FY 2021 average production net, above revised The financial numbers contained herein guidance (2,100 -2,300 boepd) have not been audited and may be subject to further review and amendment. All number are approximates. Stabilisation of the decline in production and water-cut
Slide 4: 2021 Production & Exploration
2021 PRODUCTION & EXPLORATION 2/2 exploration successes; 20 year Net Production 2019-2021 2021 WELLS Abu Sennan Licence, Egypt development concessions granted over Baseline Wel ls Onstream in 2020 both these commercial discoveries 2500 Wel ls Onstream in 2021 New Development concessions granted foll
Slide 5: 2022 Drilling Strategy - Focus on Maximising Returns
2022 DRILLING STRATEGY - FOCUS ON MAXIMISING RETURNS Fully funded 2022 work programme 2022 EXPLORATION & DEVELOPMENT WELLS Abu Sennan Licence, Egypt • 2 firm development wells, ASD-2 & ASH-5 • 2 firm exploration wells ASF-1X and ASV-1X (previously named AST-1X) will target combined mean recoverable
Slide 6: H1 Drilling Programme & Growth Potential
H1 DRILLING PROGRAMME & GROWTH POTENTIAL Illustrative potential net production growth at Abu Sennan 2022 DEVELOPMENT WELLS Exploration targets ASV-1X + ASF-1X ASD-2 & ASH-5 Two of the largest remaining prospects on Abu Sennan to be drilled during 2022; Potential to ASD-2 Well United 22% Working Inte
Slide 7: Low Risk Exploration, Targeting >10mmbls Upside
LOW RISK EXPLORATION, TARGETING >10MMBLS UPSIDE EXPLORATION Large Exploration Volumes Low-risk targets 2022 EXPLORATION WELLS ASF-1X & ASV-1X • 2 high-impact exploration wells • Results from 2021 drilling success • Targeting c.10mmbbls gross has decreased exploration risk on (2.2mmbbls net) internal
Slide 8: Appendix Q&A
APPENDIX Q&A www.uogplc.com AIM: UOG