Client NewsUnited Oil & Gas Plc: Quarterly Production Report
United Oil & Gas PLC (AIM: “UOG”), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets announces a quarterly production update for the third quarter (Q3) of 2021.
· Q3 2021 production averaged 2,022 boepd (1,616 bopd oil and 405 boepd gas) net to United.
· Production from 1 Jan – 30 Sept 2021 (end of Q3) averaged 2,491 boepd (2,023 bopd and 468 boepd gas) net to United.
· 2021 full year production on target to be in line with guidance, 2,100-2,300 boepd, net to United.
All of United’s production for the period was from United’s 22% non-operating interest in the Abu Sennan Licence, Egypt, which is operated by Kuwait Energy Egypt (“KEE”).
This data will vary quarter on quarter as development, appraisal and exploration operations continue.
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