Full Year 2021 United Oil & Gas PLC Earnings Call Transcript
Hello, and welcome to today's presentation. (Operator Instructions) I will now hand over to the team to begin. Thank you.
Thanks, Josh. And good morning, everyone, and thank you for joining the call this morning. And firstly, there is a copy of our slide deck on our website. It's the slide deck that we'll talk to over the next 20 minutes, half an hour or so, after which we're happy to take questions from shareholders. Some have been pre-submitted. If anybody has questions throughout the presentation, please do type it in the box.
Turning to slide 2. Thanks, Sharan. So the company has made significant progress throughout 2021, bearing in mind the context of the world that we came into the year. Oil price was in the 50s, but upon exiting the year, the price has more than doubled (technical difficulty) how quickly things can change in the industry.
At the beginning of 2021, we made a conscious decision to refocus our portfolio on assets with the -- most material assets with near-term value triggers.
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