Client NewsUnited Oil and Gas plc: ASH-3 Well Update
United Oil & Gas PLC (AIM: “UOG”), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, is pleased to provide the following update on the drilling of the ASH-3 well in the Abu Sennan concession, onshore Egypt. United holds a 22% non-operating interest in Abu Sennan, which is operated by Kuwait Energy Egypt.
- Total of 27.5m net pay interpreted over a 59m gross section in the targeted Alem El Buieb (AEB) reservoir
- Initial testing will be completed in the coming days before the well is then brought onstream through the existing ASH Field facilities
The ASH-3 development well, which spudded on the 4th January, reached TD of 4,087m MD (3,918m TVDSS) on 8th February, 5 days ahead of schedule and under budget.
The well, which has been drilled as a step-out development well in the ASH Field, has been logged and interpreted to have a 59m gross hydrocarbon column in the primary AEB reservoir target, 27.5m of which is estimated to be net pay.
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