Client NewsUnited Oil & Gas PLC: Commencement of drilling at ASH-4 and AJ -14 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 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.
- 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
OPEN AN ACCOUNT
If you are interested in opening an account with Optiva Securities, please fill in the details on the apply button.
Please ensure that the information you entered is accurate, and that your “Caps Lock” key is set correctly.