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Investegate |United Oil & Gas PLC Announcements | United Oil & Gas PLC: H1 2021 Trading Statement and Operational Update
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United Oil & Gas PLC (AIM:UOG) | RNS | United Oil & Gas PLC - H1 2021 Trading Statement and Operational Update
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United Oil and Gas announces H1 2021 trading statement and operational update
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Oil price, San Leon, Union Jack/Egdon/Europa, Jadestone, UOG And finally…
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United Oil and Gas announces FY 2020 trading update and guidance for FY 2021
01 Feb 2021
United Oil & Gas has issued a trading update for the full year 2020 and guidance for 2021. This is in advance of the Group s Full Year Results which are expected to be released in the second half of April 2021. The information contained herein has not been audited and may be subject to further review and amendment.
United Chief Executive Officer, Brian Larkin commented: 2020 was a successful year for United, delivering an excellent operational and financial performance, despite a challenging commodity price environment and the global pandemic. We successfully integrated our Egyptian assets, delivering average 2020 working interest production of 2,195 boepd, creating revenue of c. $9.0 to $9.2m (net of government take) for the ten months since completion of the acquisition.