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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 reserves update on the Abu Sennan concession, onshore Egypt (the Licence ).
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: o 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 o Gross 1P reserves up by 59% to 6.7 MMboe and gross 3P reserves up by 21% to 34.7 MMboe (from 4.2 MMboe and 28.6 MMboe respectively at the beginning of 2020) ....
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 ....
Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent operator and producer in the Kurdistan Region of Iraq. Further information on Gulf Keystone is available on its website www.gulfkeystone.com
This announcement contains certain forward-looking statements that are subject to the risks and uncertainties associated with the oil & gas exploration and production business. These statements are made by the Company and its Directors in good faith based on the information available to them up to the time of their approval of this announcement but such statements should be treated with caution due to inherent risks and uncertainties, including both economic and business factors and/or factors beyond the Company s control or within the Company s control where, for example, the Company decides on a change of plan or strategy. This announcement has been prepared solely to provide additional information to sha ....