Stay updated with breaking news from பாஸிபல் இருப்பு. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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) ....