Proactive analyst Zac Phillips talks to Katie Pilbeam about United Oil and Gas.
He says United Oil & Gas PLC's (LON:UOG) acquisition of Abu Sennan has provided better balance to its portfolio by consolidating profitable production, generating all-important cash flow.
Outside of Abu Sennan, the combination of appraisal and exploration assets provide near and medium growth opportunities, bringing more balance, which the cash flow from Abu Sennan will better enable the company to achieve. Undertaking a peer-based sum of the parts (SOP).