United Oil & Gas completed the acquisition of Rockhopper Egypt for $16m.

United Oil & Gas, the AIM traded oil and gas exploration and development company, completed the acquisition of Rockhopper Egypt for $16m. Brian Larkin, CEO of United Oil and Gas, commented: "This is a truly transformational deal for United. Not only will it deliver our first production, positive cashflow and significant reserves it also offers very promising infill and exploration upside. Having reviewed many opportunities in the last 18 months, Rockhopper Egypt was by far and away the most exciting opportunity and the best strategic fit for our business."