United Oil and Gas hails 'landmark year' despite Covid crisis
United Oil and Gas increased its production a quarter despite a steep drop in fuel demand due to Covid-19.
United Oil and Gas this morning hailed a “landmark year” for the AIM-listed firm despite the carnage caused by the coronavirus pandemic.
The company, one of the few smaller oil and gas firms to operate both exploratory and production assets, posted its first ever profit in 2020.
United also said that it had seen its working production increase nearly a quarter over the year, despite the plunge in demand for fuel during the Covid-19 lockdowns.