Client News
United Oil & Gas PLC: Commencement of drilling at ASH-4 and AJ -14 well updateUnited Oil & Gas Plc (AIM: “UOG”), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets is pleased to announce the commencement of drilling at the ASH-4 development well location and an update on the Al Jahraa-14 (“AJ-14”) development well in the Abu Sennan licence, onshore Egypt. United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt.
Summary
- The fourth well in the 2022 Abu Sennan programme, ASH-4, has commenced drilling
- ASH-4 is a high impact development well, targeting over 2 mmbbls gross in the prolific Alam El Bueib (“AEB”) reservoir
- On AJ-14, whilst oil has been recovered to surface on testing, consistent flow rates have yet to be established due to near bore-hole formation damage
- The testing programme is continuing in the Abu Roash-C (“ARC”) interval at AJ-14, with well stimulation expected to deliver commercial production rates in line with pre-drill estimates of c. 300 bopd gross
Full details: https://www.londonstockexchange.com/news-article/UOG/commencement-of-ash-4-drilling-and-aj-14-update/15630031
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