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U.S. Oil & Gas plc - Operations Update
PR Newswire
Update
U.S. Oil & Gas Plc, ( USOIL or the Company ), the oil and gas exploration company with assets in Nevada, is pleased to make the following announcement:
Operational update
As previously announced, the Company has submitted Notices of Staking for three drill locations in its West Play: Eblana-7, Eblana-8 and Eblana-13. The locations are on one of two zones with interpreted Palaeozoic slide block structures suggested by geophysical and geochemical data and which may feature carbonate lithology. These zones appear to be analogues of Railroad Valley s Grant Canyon Field, and each may contain multiple slide blocks. The data suggests that in the West Play multiple slide blocks may exist within the Company s acreage.
The explorer believes success would represent a company-making achievement .
US Oil & Gas Plc (USOP) said it has submitted Notices of Staking for three drill locations - Eblana-7, Eblana-8 and Eblana-13 - in its West Play, in Nevada.
The company said that the proposed well sites are located in one of two zones with interpreted Palaeozoic slide block structures suggested by geophysical and geochemical data. They are in Zone 1 which spans some 4,064 acres. Estimates for the three sites see some 86.5mln barrels of prospective resources of original oil in place.
According to the company, the zones appear to be analogues of Railroad Valley’s Grant Canyon Field and it says that if this is proven by well results it could anticipate “exceptionally high” flow rates.
The Lixus licence covers an area of approximately 2,390km
2 , 30km north of Chariot’s existing Moroccan acreage, with water depths ranging from the coastline to 850m. The area has been subject to earlier exploration with legacy 3D seismic data covering approximately 1,425km
2 and 4 exploration wells, including the Anchois gas discovery.
The Rissana licence covers an area of approximately 8,476km
2 and will completely surround the offshore boundaries of Chariot’s existing Lixus licence which contains the Anchois Gas Discovery, as well as covering the most prospective northern areas of the previously held Mohammedia and Kenitra licences.
The Barreirinhas Basin, Brazil, sits on the conjugate margin of Côte d’Ivoire and Ghana, with successful drilling campaigns in recent years indicating an analogue for significant hydrocarbon generation. Whilst relatively underexplored, the shallow water wells in the basin have encountered excellent quality, oil-prone source rocks modelle
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 AJ-8 development well. United holds a 22% non-operating interest in Abu Sennan, which is operated by Kuwait Energy Egypt ( KEE ).
Highlights
· 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
· The ASD-1X well tested both the Lower Bahariya and