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El Salmiya-5 Well Results
El Salmiya-5 Well Results.
About this update from United Oil & Gas Plc
[{"type":"text","content":"\n \n \n RNS Number : 8303O\n United Oil & Gas PLC\n 03 June 2020\n \n \n \n \n 3 June 2020+BCL\n \n \n United Oil & Gas PLC (\"United\" or the \"Company\") \n \n \n El Salmiya-5 Well Results\n \n \n Highlights\n \n \n · \n Total of over 120m net pay across four hydrocarbon-bearing intervals encountered by El Salmiyah-5 well on Abu Sennan concession - main target potentially materially larger than previously believed\n \n \n · \n Flow rates of 4,100 bopd, with 18 mmscf/d gas (c. 8,700 boepd in total) achieved from Kharita Reservoir during well-testing\n \n \n · \n United's net production from the Abu Sennan asset as a whole likely to rise to over 2,500 boepd in the coming weeks\n \n \n \n \n \n United Oil & Gas Plc (AIM: \"UOG\"), the AIM listed oil and gas exploration, development and production company, is pleased to provide the following update on the El Salmiyah-5 development well ('El Salmiyah-5' or the 'Well') on the Abu Sennan concession, Egypt (\"Abu Sennan\") in which UOG holds a 22% working interest. Early analysis of logging and testing suggests that the Well significantly exceeds pre - drill estimates, further building on the success of the last 12 months which has seen UOG's share of production increase significantly.\n \n \n \n \n \n El Salmiyah-5\n \n \n El Salmiyah-5 was spudded on 3 February 2020, and reached total depth of 4,400m MD (3,911m TVDSS) on 17 April 2020. The Well was targeting previously undrained reservoirs of the El Salmiyah Field, with the primary focus being the Kharita Formation, and secondary objectives in the Abu Roash C and Abu Roash E. After logging, testing, and completion, the rig was released on 21 May 2020. \n \n \n \n \n \n Net pay was encountered in all of the targeted intervals, totalling in excess of 120m for the Well and exceeding pre-drill expectations significantly. The main Kharita target interval was encountered some 16m shallow to prognosis, indicating a larger than expected undrained area updip of the existing wells in the field. This was further supported by the encouraging well-test results, which achieved flow rates of 4,100 bopd, with a further 18 mmscf/d gas (c. 8,700 boepd in total).\n \n \n \n \n \n W\n ith further testing planned, it would be premature to draw any further conclusions on the oil volumes ass...