United Oil & Gas plc said it had encountered seven metres of net oil play, in line with the higher end of pre-drill estimates, in the Al Jahraa-14 development well (AJ-14) on the Abu Sennan licence, onshore Egypt. AJ-14 United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt. […]
Tag: United Oil & Gas plc
United receives £165,000 via warrant exercise
United Oil & Gas plc received £165,000 following two notices to exercise warrants for a total of 11,550,00 new ordinary shares of £0.01 each in the share capital of the company. The warrant shares are £0.0142857 pence per share, pursuant to the warrant instruments granted on 31 July 2017. Following the issue of the warrant […]
United notes Optiva’s £33m valuation of Maria oil discovery
United Oil & Gas plc said that new research set a value of £33.5 million on the company’s Maria discovery in the Outer Moray Firth Basin in the Central North Sea. OPTIVA The company published a research note by Optiva Securities Ltd, which valued the asset at £33.5m or 5.2p per share on a risked […]
United yet to find hydrocarbons from ASV-1X exploration well
United Oil & Gas plc said it had to date found no hydrocarbons from drilling the ASV-1X exploration well in the Abu Sennan joint venture (JV) licence, onshore Egypt. ASV-1X Kuwait Energy Egypt operates the licence in which United holds a 22% working interest. The ASV-1X well was drilled under budget to a total depth […]
United spuds AJ-14 development well
United Oil & Gas plc said that the Al Jahraa-14 development (AJ-14) well has spud in the Abu Sennan joint venture licence, onshore Egypt. JOINT VENTURE The company holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt (KEE). AJ-14 The AJ-14 development well, the third of five wells expected […]
United plans well test on ARC reservoir in ASV-1X well at Abu Sennan
United Oil & Gas plc said it supported plans for a well test on the ARC reservoir in the ASV-1X exploration well at the Abu Sennan licence, onshore Egypt. DRILL The company holds a 22% working interest in the Abu Sennan licence, which is operated by Kuwait Energy Egypt. United said that the well was […]