United Oil & Gas plc marked its second successful well of 2023 with the ASD-3 well interpreting 12.5 metres of net oil pay across the Abu Roash reservoir targets at Abu Sennan, onshore Egypt. ABU ROASH RESERVOIRS ASD-3 development well was drilled 1.2km northwest of the ASD-2 well and reached total depth of 3,683m on […]
Tag: United Oil & Gas plc
United agrees second deadline for Maria sale
United Oil & Gas plc has agreed a second deadline extension to the end of July for the sale of its North Sea licence containing the Maria discovery to Quattro Energy Ltd. QUATTRO The company initially signed the £5.7 million asset purchase agreement for P2519 with Quattro, dependent on financing, to be completed 16 April 2023. […]
United revenue falls and capex rises in ‘challenging’ year
United Oil & Gas plc’s revenue fell and capital expenditure rose from mixed results in a “challenging year” at its Abu Sennan interests, onshore Egypt. FINANCES The company holds a 22% working interest in the licence which is operated by Kuwait Energy Egypt. Audited results for the year ended 31 December 2022 show revenue of […]
United extends sale date for Maria discovery
United Oil & Gas plc has extended the long stop date over the conditional sale of its licence P2519 containing the Maria oil discovery in the Central North Sea. SALES AGREEMENTS In January 2023, the company signed the £5.7 million asset purchase agreement (ASA), dependent on financing, with Quattro Energy Ltd for conditions to be […]
United spuds ASD-3 and notes strong ASH-8 performance
United Oil & Gas plc has spud the ASD-3 development well on the joint venture Abu Sennan licence, onshore Egypt. ASD-3 The company holds a 22% non-operating interest in the licence, which is operated by Kuwait Energy Egypt. ASD-3 will be drilled to approximately 1.2km to the north-west of the ASD-2 well which was drilled […]
United starts early production from ASH-8
United Oil and Gas plc has started production six weeks before the anticipated date from the ASH-8 development well in the Abu Sennan joint venture (JV) licence, onshore Egypt. ASH-8 The well is the JV’s first in its 2023 campaign and the fifth well in the ASH field, with production through existing ASH facilities. ASH-8 […]