Rockhopper sells United Oil stake for €3.4m

Rockhopper Exploration has sold its 18.3pc stake in Ireland-based United Oil & Gas for $4m (€3.4m). The deal announced tonight concludes United’s reverse takeover earlier this year of Rockhopper’s Egyptian subsidiary and its operations in the Abu Sennan oil field...

United Oil and Gas to acquire Egyptian business for €14m

United Oil and Gas – whose CEO Brian Larkin is a veteran of both Tullow Oil and Providence Resources – it to purchase Rockhopper Egypt for $16m (€14m). The deal includes a 22pc non-operated position in the Abu Sennan concession onshore Egypt. Because the transaction...

United Oil & Gas buys into African prospect

London-listed United Oil & Gas has bought into a prospect in West Africa, its first excursion into the continent. It has signed an agreement with UK firm Elephant Oil, giving it the option to take a stake in Elephant acreage in Benin, West Africa. The block is...

United Oil & Gas acquires stake in three UK licences

London-listed United Oil & Gas has entered into a farm-out agreement with Corallian, a private UK oil and gas exploration company, to acquire an initial 10pc interest from Corallian in three licences held by a joint venture between Corallian and Corfe Energy...

United Oil & Gas in farm-in agreement with Tullow

United Oil & Gas has farmed into the Tullow Jamaica operated Walton-Morant licence located offshore Jamaica. The agreement, which is subject to approval from the Petroleum Corporation of Jamaica, will see United have a 20pc equity interest in the Walton-Morant...