United Oil and Gas wraps up acquisition of Rockhopper Egypt

United Oil and Gas wraps up acquisition of Rockhopper Egypt

United Oil and Gas has completed its previously announced $16 million acquisition of Rockhopper Egypt from Rockhopper Exploration to enter into the producing Abu Sennan block in Egypt. The deal, which was announced in July 2019, was closed after satisfying preceding conditions. Rockhopper Egypt holds a 22% non-operating stake in the onshore Abu Sennan concession. […]