MEDIA COVERAGE

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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Egyptian optimism

Anglo-Irish independent United Oil & Gas completed in March a deal struck last year to enter the Egyptian upstream by buying UK producer Rockhopper’s 22pc non-operated stake in the onshore Abu Sennan concession. It is fair to say that the world changed between the...

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United Oil and Gas takes over Jamaica field from Tullow

United Oil and Gas has taken over the running of Jamaica’s Walton Morant oil field from fellow explorer Tullow Oil, it was announced today. This morning, the firm announced that the Jamaican government had given it permission to take forward the reserve on a 100 per...

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New Petroleum Discovery in Abu Sennan

Borg Al Arab Petroleum Company has achieved a new petroleum discovery in Abu Sennan concession after drilling Al Salemia Well -5 at the Western Dessert, according to a press release. The new discovery has been put on the production plan at a rate of 4,100 barrel per...

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