After the formal notice from the Abu Sennan operator, United Oil's shares declined significantly. Shares of United Oil & Gas PLC fell on Monday after the operator of an Egyptian dealership demanded the payment of nearly $4 million in outstanding calls for funds. Shares of the oil and gas company, which focuses on Egypt, the United Kingdom and Jamaica, fell by 39% to 0.32 pence each in London

Indeed, United has a 22% non-operational stake in the Abu Sennan license, which is operated by Kuwait Energy. United has 30 days from the start of the failure period on January 28 to “remedy the failure.” If it does not, the parties involved in the Abu Sennan operating agreement may force United to withdraw from