Business
Update on Podere Maiar
Update on Podere Maiar.
About this update from United Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 3286C United Oil & Gas PLC 19 January 2018 \n\n 19 January 2018 \n \nUnited Oil & Gas Plc \nUpdate on Podere Maiar\n \nUnited Oil & Gas Plc (\"UOG\", \"United\" or the \"Company\") the London Stock Exchange listed oil and gas exploration and development company, notes that Po Valley Energy Limited (\"PVE\" or \"Po Valley\"), the operator on the Podere Maiar 1 (\"PM1\") well on the Selva Gas Field in the Podere Gallina licence - in which United has a 20% interest - have today made an announcement relating to significant gas flows.\n \nSignificant Italian gas discovery confirmed\n \nStrong gas flows on test have confirmed a significant commercial discovery for United Oil & Gas Plc at its Selva gas field in northern Italy. \n \nThe Company announces today that PVE have reported that the strong gas flows have resulted from successful flow testing of the recently drilled Podere Maiar 1dir exploration well on the Selva gas field within the Podere Gallina Exploration licence in northern Italy (PVE 63% Operator; United Oil & Gas Plc 20%; Prospex Oil & Gas Plc 17%).\n \nThat drill program intersected two identified gas reservoirs, C1 and C2, in the Medium-Upper Pliocene sands of the Porto Garibaldi Formation.\n \nThe thickest level C2 (net pay 25.5 m) reported a peak flow rate of 148,136 scm/day on a 3/8 inch choke and a pressure differential of 11 bar with no water production. Pressure recovery to formation pressure occurred in 2 minutes. The higher level C1 (net pay 15.5 m) also reported strong flow ...