Business
ASH-4 Test results and Egypt operations update
ASH-4 Test results and Egypt operations update.
About this update from United Oil & Gas Plc
[{"type":"text","content":"\n \n \n United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas\n \n \n \n \n \n 15 November 2022\n \n \n United Oil and Gas plc\n \n \n (\"United\" or \"the Company\")\n \n \n \n \n \n ASH-4 Test results and Egypt operations update\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 announce an update on the testing of the ASH-4 development well (\"ASH-4\") in the Abu Sennan licence, onshore Egypt. United holds a 22% non-operating interest in the Abu Sennan licence, which is operated by Kuwait Energy Egypt.\n \n \n \n \n \n Summary\n \n \n - \n Preliminary test results from the ASH-4 well-test indicate a flow-rate of 2,101 bopd and 3 mmscf/d (c. 2,700 boepd gross; 594 boepd net) from the Alam El Bueib (\"AEB\") reservoir on a maximum 40/64\" choke\n \n \n - \n On a reduced, 32/64\" choke, which is expected to be more representative of the producing flow rates, the well flowed at 1,325 bopd and 1.8 mmscf/d (c. 1,685 boepd gross; 371 boepd net)\n \n \n - \n ASH-4 is expected to be tied into the existing facilities and brought on stream in the coming days\n \n \n - \n The ST-1 rig will now move to the ASW-1X exploration well location to commence drilling the fifth well in the 2022 programme\n \n \n - \n Stimulation programme expected to be completed on the AJ-14 well over the coming weeks \n \n \n United Chief Executive Officer, Brian Larkin commented:\n \n \n \n \"We are very pleased with the news of the ASH-4 initial well test result. It is expected that the well will be brought onstream in the coming days and will immediately contribute production and revenue for the Company. The ASH field has proved to be a prolific area of the Abu Sennan licence and we are pleased to be reporting this positive well test result, as we move to drill the final well of the 2022 drilling programme. This will be the ASW-1X exploration well (previously named ASF-1X) which is targeting 8mmbbls of gross recoverable resources.\"\n \n \n \n ASH- 4 well\n \n \n The ASH-4 development well, a step-out development well in the ASH field, encountered 20 metres of net pay through the primary Alam El Bueib reservoir target as announc...