United Oil & Gas Management Presentation

UNITED OIL & GAS Waddock Cross Licence | Management Presentation UK ONSHORE - HISTORIC FIELD WITH HUGE POTENTIAL UPSIDE 7 • United holds a circa. 26.25% interest in Waddock Cross • oil field, a past producing licence onshore UK The Operator Egdon Resources completed a reservoir modelling work with exciting results o The licence contains a significant Stock Tank Oil Initially in Place (STOIIP) gross volume of 57 mmbbls o A new horizontal well could yield commercial gross oil production of 500-800 bopd and c. 1 mmbbls recovery per well The Operator has confirmed that plans are progressing to restart production at Waddock Cross

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