United Oil & Gas says production is beating expectations at Egyptian well (28.03.22)
United Oil & Gas PLC (AIM:UOG) said production at the ASD-2 well in the Abu Sennan licence, onshore Egypt is “significantly above” pre-drill expectations.
In addition, a fifth firm well has been added to this year’s drilling campaign after the completion of technical work, it said.
“The ASD-2 well is the eighth consecutive successful well at Abu Sennan since we acquired the licence in 2020,” said United chief executive officer Brian Larkin.
“The wells within Abu Sennan have an exceptionally short turnaround time between well completion and commencement of production.”
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