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ASD-1X Test and Notice of Commercial Discovery
ASD-1X Test and Notice of Commercial Discovery.
About this update from United Oil & Gas Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3333X\n United Oil & Gas PLC\n 04 May 2021\n \n \n \n \n /+United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas\n \n \n \n \n \n 04 May 2021\n \n \n United Oil and Gas plc\n \n \n (\"United\" or \"the Company\")\n \n \n \n \n \n ASD-1X Well Test Update and Submission of Notice of Commercial Discovery\n \n \n \n \n \n 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 ASD-1X exploration well in the Abu Sennan concession, onshore Egypt and the spudding of the \n AJ-8 development well\n . United holds a 22% non-operating interest in Abu Sennan, which is operated by Kuwait Energy Egypt (\"KEE\").\n \n \n \n \n \n Highlights\n \n \n ·\n Notice of a commercial discovery and an application for a development lease covering the ASD-1X discovery have been submitted to EGPC by the operator, KEE\n \n \n · \n The ASD-1X well tested both the Lower Bahariya and Abu Roash C (\"ARC\") reservoirs\n \n \n · \n Preliminary short-term test results from the Lower Bahariya reservoir indicate:\n \n \n o \n A maximum flow rate of 1,619 bopd and 2.840 mmscf/d (c. 2,187 boepd gross; 481 boepd net) on a 64/64\" choke\n \n \n o \n A rate of 852 bopd and 1.600 mmscf/d (c. 1,172 boepd gross; 258 boepd net) on a more constrained 32/64\" choke\n \n \n · \n Preliminary short-term test results from the Abu Roash C (\"ARC\") reservoir indicate:\n \n \n o \n A maximum flow rate of 1,215 bopd and 1.371 mmscf/d (c. 1,489 boepd gross; 328 boepd net) on a 64/64\" choke\n \n \n o \n A rate of 661 bopd and 0.632 mmscf/d (c. 787 boepd gross; 173 boepd net) on a more constrained 24/64\" choke\n \n \n · \n Headline test results from both reservoirs exceed United's internal pre - drill expectations.\n \n \n · \n The EDC-50 rig has now moved to the Al Jahraa Field within the Abu Sennan licence, where drilling of the AJ-8 development well commenced on 2nd May\n \n \n \n \n \n United Chief Executive Officer, Brian Larkin commented:\n \n \n \"Today's announcement is yet another positive result from Abu Sennan, with the notice of a commercial discovery at ASD-1X, and it is very pleasing to see ...