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United Oil & Gas PLC confirms ASD-1X as a new discovery after expectation-beating well test


Today s announcement is yet another positive result from Abu Sennan,” said Brian Larkin, chief executive.
“It is very pleasing to see the application for a development lease being submitted. 
“This will not only enhance production but will further increase the proven reserves on the licence.
The new discovery at ASD-1X is also a positive sign for the remaining exploration potential within the Abu Sennan concession, and we will continue to work with our JV partners to prioritise these opportunities which can ultimately be brought into production in short time frames.”
In April, United unveiled a significant increase in reserves at Abu Sennan. ....

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FTSE 100 closes in the red, Wall Street fares no better


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FTSE 100 closes in the red, Wall Street fares no better
On the plus side, we ve got this far without rehashing the old Star Wars May the fourth joke . d oh!
FTSE 100 dips 47 points
Wall Street follows world markets lower
Ocado the weakest blue-chip
5.15pm: Both sides of the Atlantic struggling
The FTSE 100 ended Tuesday down 47 points, 0.7%, at 6,923, despite a promising start to the day. The FTSE 250 lost 167 points, 0.7%, to 22,330.
Markets have been rocked by a wave of volatility on an otherwise inconspicuous day, with sharp declines in the DAX and Treasury yields, and cryptos giving way to dollar and gold gains, IG Senior Market Analyst Joshua Mahony wrote.  .Airlines have received a welcome lift as Europe moves closer to resuming non-essential travel, with the UK government expected to spell out exactly what countries fall into each category of the traffic light system. Nonetheless, the resumption of flights does bring its ....

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United Oil, Kuwait Energy make gas find in Egypt


United Oil, Kuwait Energy make gas find in Egypt
May 4, 2021 2:57:pm
Summary
by: Daniel Graeber
Posted in:
United Oil, Kuwait Energy make gas find in Egypt
United Oil and Gas, a London-registered company, said May 4 it made a commercial natural gas discovery in Egypt while working alongside the national subsidiary of Kuwait Energy.
United completed the ASD-1X exploration well, located just northeast of the producing Al-Jahraa field, on March 30, ahead of schedule and under budget. Preliminary data shows the well ran encountered net pay of at least 22 m across several intervals.
That notice allows the companies to submit an application for development. ....

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FTSE 100 loses some steam as Wall Street opens in the red


FTSE 100 closes in the red, Wall Street fares no better
Companies
Follow John on:
FTSE 100 closes in the red, Wall Street fares no better
On the plus side, we ve got this far without rehashing the old Star Wars May the fourth joke . d oh!
FTSE 100 dips 47 points
Wall Street follows world markets lower
Ocado the weakest blue-chip
5.15pm: Both sides of the Atlantic struggling
The FTSE 100 ended Tuesday down 47 points, 0.7%, at 6,923, despite a promising start to the day. The FTSE 250 lost 167 points, 0.7%, to 22,330.
Markets have been rocked by a wave of volatility on an otherwise inconspicuous day, with sharp declines in the DAX and Treasury yields, and cryptos giving way to dollar and gold gains, IG Senior Market Analyst Joshua Mahony wrote.  .Airlines have received a welcome lift as Europe moves closer to resuming non-essential travel, with the UK government expected to spell out exactly what countries fall into each category of the t ....

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FTSE 100 above 7,000 following strong manufacturing purchasing managers' index reading

FTSE 100 above 7,000 following strong manufacturing purchasing managers' index reading
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