Client NewsUnited Oil & Gas: Successful Testing of Al Jahraa-8 Development Well
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 testing of the Al Jahraa-8 (“AJ-8”) development well in the Abu Sennan concession, onshore Egypt (the “Licence”). United holds a 22% working interest in the Licence, which is operated by Kuwait Energy Egypt.
Highlights from AJ-8 Well-testing:
· Preliminary short-term test results from the Lower Bahariya reservoir indicate:
A maximum flow rate of 2,093 bopd and 3.63 mmscf/d (c. 2,819 boepd gross; 620 boepd net) on a 64/64″ choke
A rate of 1,189 bopd and 1.22 mmscf/d (c. 1,433 boepd gross; 315 boepd net) on a more constrained 26/64″ choke
· Headline test results exceed United’s internal pre – drill expectations.
· The well will be brought onto production from the Lower Bahriya reservoir in the coming days
· The EDC-50 rig will now move 7km to the north of the Al Jahraa Field, where drilling of the ASX-1X exploration well is due to commence in the coming days
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