United Oil & Gas swings into profit

United Oil & Gas has reported a profit before tax of $1.8m for the six months to June 30, a swing on the loss of $756,000 in the corresponding period last year. Revenue for the period was $2.4m, according to interim results for the group. The Dublin-based company...

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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...

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