Client NewsCompletion of the Acquisition of Rockhopper Egypt Pty Ltd, Re-Admission to AIM, Abu Sennan Operational Update & Shareholder Call
Completion of the Acquisition of Rockhopper Egypt Pty Ltd, Re-Admission to AIM, Abu Sennan Operational Update & Shareholder Call
United Oil & Gas Plc (AIM: “UOG”), the AIM listed oil and gas exploration, development and production company, is pleased to announce that it has completed the acquisition of Rockhopper Egypt Pty Ltd. (“the Acquisition”) from Rockhopper Exploration plc (“Rockhopper”). The Acquisition, which has an effective date of 1st January 2019, includes a 22% non-operating interest in the producing Abu Sennan concession, onshore Egypt, where production averaged 7,900 boepd in the first half of February 2020 (over 1,700 boepd to United’s net working interest).
The Company will be hosting an investor conference call later today (28th February 2020) at 12pm during which management will discuss the completion of the acquisition and offer investors an opportunity to ask questions regarding the transaction and the Company’s future plans.
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