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United Oil & Gas kickoff 2021 with a bang as drilling gets underway in Egypt

United Oil & Gas PLC's (LON:UOG) Brian Larkin speaks to Proactive London's Katie Pilbeam after the beginning of drilling for the ASH-3 development well at the Abu Sennan licence. 

Speaking about the timeline for the project, Larkin says, 'we anticipate a well result in late February, early March'. The programme comes just weeks after the commissioning of a gas pipeline which unlocks additional production volumes.

Larkin explains that all current projects are fully funded from existing cash flow and adds, 'we are only at the beginning of the story'.

Quick facts: United Oil & Gas PLC

Price: 3.033 GBX

Market: AIM
Market Cap: £18.96 m

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