United Oil and Gas shares jump on commercial find in Egypt
Discovery has estimated reserves of 430 barrels of oil equivalent per day
United Oil and Gas CEO Brian Larkin said the company’s long-term geographical focus will be on northern Africa and the Caribbean.
Tue, 04 May, 2021 - 17:25
Geoff Percival
Shares in Irish exploration company United Oil and Gas jumped more than 6% on the back of it declaring a recent discovery at its Egypt operations a commercial find.
Currently undertaking a drilling campaign in Egypt, United said the latest discovery, first flagged last month, has estimated reserves of 430 barrels of oil equivalent per day.
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