Client News
United Oil and Gas Plc: Commencement of Production at ASX-1X DiscoveryUnited 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.
Highlights
· 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
OPEN AN ACCOUNT
If you are interested in opening an account with Optiva Securities, please fill in the details on the apply button.
CLIENT AREA
Please ensure that the information you entered is accurate, and that your “Caps Lock” key is set correctly.