United Oil & Gas announces completion of Rockhopper Egypt acquisition
United Oil & Gas, the AIM listed oil and gas exploration and development company, has announced the satisfaction of the regulatory conditions attached to its proposed acquisition of Rockhopper Egypt, which holds a 22% interest in the producing Abu Sennan field, from Rockhopper Exploration. This follows receipt of the written consents from EGPC and the […]
United Oil & Gas provides update on Abu Sennan, Rockhopper acquisition
AIM-listed United Oil & Gas has provided an update on the proposed acquisition of Rockhopper Egypt from Rockhopper Exploration. Rockhopper Egypt holds a 22% non-operating interest in the producing Abu Sennan concession, onshore Egypt. This update provides further detail regarding the ASH-2 well which was recently drilled at Abu Sennan, current production at Abu Sennan and […]
New discovery in Egypt’s Western Desert to produce 7000 bopd, 10 mmcfd of gas
The Ministry of Petroleum and Mineral Resources on Thursday announced a new oil discovery in the Western Desert where an average of 7,000 barrels of crude oil and 10 million cubic feet of gas are envisaged to be produced on daily basis. The oil discovery, in the Western Desert’s Abu Sennan, an area near the […]
Rockhopper provides operational update on Abu Sennan concession in Egypt
Rockhopper Exploration has provided an operational update in relation to the Abu Sennan concession, Egypt. Through Rockhopper Egypt, Rockhopper holds a 22% working interest in Abu Sennan. ASH-2 The commitment well, ASH-2, was spudded on 21 October 2019, and reached total depth of 4,030m measured depth (‘MD’) in the Alam El Bueib Formation on 22 […]
United Oil & Gas raises $6.3 million to fund Rockhopper Egypt acquisition
United Oil conditionally raises USD 6.3 million to partially fund Rockhopper Egypt acquisition: Irish energy company United Oil & Gas has conditionally raised USD 6.3 million to partially finance its planned USD 16 million acquisition of Rockhopper Egypt’s business, United Oil said in an LSE disclosure. The company raised the amount through a share issuance, […]
United Oil & Gas’ acquisition of Rockhopper to close by 4Q2019
United Oil & Gas’ acquisition of Rockhopper Egypt “progressing well”: Rockhopper Exploration’s sale of its Egypt business to Irish energy company United Oil & Gas is on track to be completed by the end of 4Q2019, Rockhopper said in a statement yesterday. Rockhopper and United had signed a USD 16 million share purchase agreement in […]
United Oil & Gas announces acquisition of Rockhopper Egypt for $16 million
Rockhopper exits Egypt: Interest in Abu Sennan concession sold to United Oil & Gas in $16 million deal. Rockhopper Exploration has struck a deal to sell off its interest in the Abu Sennan concession in Egypt to fellow London-listed company Untied Oil & Gas. Headlines Conditional acquisition by United of Rockhopper Egypt for US$ 16 […]
Egypt signs $10 mn E&P agreement with Rockhopper, Kuwait Energy, Dover
The Egyptian General Petroleum Corporation EGPC signed a USD 10 million agreement with British Rockhopper Exploration, Kuwait Energy and Canada’s Dover Corporation for oil and gas exploration in the Abu Sennan concession in the Western Desert, according to an Oil Ministry statement on Saturday. The agreement entails the drilling of four wells and includes a […]
Rockhopper announces six-month drilling programme at Abu Sennan concession
Rockhopper Exploration plc, the oil and gas company with key interests in the North Falklands Basin and the Greater Mediterranean region, is pleased to provide the following operational and corporate update in relation to its Egyptian portfolio. Abu Sennan, Egypt (22% working interest) Year to date average daily production from the Abu Sennan concession has […]
Kuwait Energy looking to sell Egypt assets – sources
Kuwait Energy looks to spin-off Egyptian assets: Kuwait Energy has hired investment bank Perella Weinberg Partners to advise on possibly divesting its stakes in Egypt and Iraq, sources close to the matter tell Reuters. Plans include spinning off Egypt assets that include interests in four oil and gas fields, including the Abu Sennan concession. Kuwait […]
