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Egypt: United Oil and Gas announces ASD-1X well test update and submission of notice of commercial discovery


Egypt: United Oil and Gas announces ASD-1X well test update and submission of notice of commercial discovery
04 May 2021
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 Abu Roash C ( ARC ) reservoirs
Preliminary short-term test results from the Lower Bahariya reservoir indicate: ....

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Egypt: United Oil and Gas announces material Uugrade to Abu Sennan reserves


Egypt: United Oil and Gas announces material Uugrade to Abu Sennan reserves
14 Apr 2021
United Oil & Gas has provided a reserves update on the
Abu Sennan concession, onshore Egypt. United holds a 22% working interest in the Licence, which is operated by
Kuwait Energy Egypt.
Highlights:
Independent reserves and resources report, relevant to end 2020, by Gaffney Cline & Associates ( Independent Reserves Report ) indicates material increase in reserves at Abu Sennan:
24% increase in Abu Sennan Gross 2P Reserves to 16.8 MMboe (15% gas) from 13.5 MMboe at the beginning of 2020, representing a near 200% reserves replacement ratio, before the recent drilling success at the ASH-3 and ASD-1X wells ....

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