United Oil & Gas plc today said that a decrease in flow rates from the ASH-4 well and delayed maintenance workovers had reduced production guidance at Abu Sennan, onshore Egypt. ASH-4 OIL VOLUME The ASH-4 step-out well previously encountered 20 metres of net pay through the primary Alam El Bueib (AEB) reservoir target and was […]
Tag: United Oil & Gas plc
United to bring ASH-4 on stream at Abu Sennan
United Oil & Gas plc said it expected to bring on stream the ASH-4 development well in the Abu Sennan joint venture (JV) licence onshore Egypt. ASH-4 ASH-4 is a step-out development well in the ASH field reached total depth of 4,000 and encountered 20 metres of net pay through the primary Alam El Bueib […]
United expects ASH-4 to deliver material increase to production at Abu Sennan
United Oil & Gas plc said it expected that the ASH-4 well currently being drilled would deliver a material increase to production in the Abu Sennan licence, onshore Egypt. OPERATIONS The company holds a 22% non-operating interest in the joint venture with Kuwait Energy Egypt as operator. Operations on ASH-4, a step-out development well into […]
United Oil & Gas grants share options to CFO
United Oil & Gas plc’s board of directors has awarded 6,862,005 share options to the company’s chief financial officer Peter Dunne. CONTRACT The shares have an exercise price of 2.47 pence, a vesting period of three years and an expiry date of ten years from the date of granting. United said that the grant of […]
United spuds ASH-4 at Abu Sennan
United Oil & Gas plc said it was awaiting consistent flows on the AJ-14 well as it spud the ASH-4 high impact development well targeting more than 2 mmbbls gross in the Abu Sennan licence, onshore Egypt. AJ-14 United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt. The […]
United NED Tom Hickey to leave for Kenmare
United Oil & Gas plc independent non-executive director (NED) Tom Hickey has notified the company of his intention to step down. Mr Hickey is also chair of the audit and risk committee and a member of the remuneration committee. He will step down from the board on 23 September 2022 to take up his new post […]