Client NewsUnited Oil and Gas Plc: Commencement of Production at ASX-1X Discovery
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 ASX-1X well in the Abu Sennan licence, onshore Egypt.
· Commercial discovery declared at the ASX-1X exploration well
· Approval granted from the Minister of Petroleum of the award of a development lease covering this new discovery on 12 October 2021
· Partner confidence and experience in Abu Roash C (“AR-C”) reservoirs led to the well being brought straight onto production three weeks after initial drilling results
· Initial production flow rates from the AR-C of 870 bopd gross (191 bopd net) on a 64/64″ choke
· ASX-1X is the second exploration success to be brought on stream on the Abu Sennan licence in 2021
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