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Tuesday, December 19, 2023
United Oil & Gas provided an update on the ASD S-1X exploration well (ASD S-1X) on the ASD south prospect in the Abu Sennan license, onshore Egypt. United holds a 22% working interest in the license, which is operated by Kuwait Energy Egypt.
Summary
The ASD S-1X well commenced drilling on 11 November and reached a total depth of 3450 meters on 12 December, ahead of schedule and under budget.
The well has subsequently been logged and petrophysical analysis by the operator indicates the presence of a total of 9.5 meters of net pay across the targeted Abu Roash C (AR-C), Abu Roash D (AR-D), Abu Roash E (AR-E), Bahriya and Kharita formations, with 6 meters net pay encountered in the primary AR-C reservoir. The well will now be completed and tested in the coming days, with a further update once test results have been received from the operator.
If the flow test results prove the presence of a commercial hydrocarbon accumulation for this exploration well, an application for a development lease will be submitted to Egypt General Petroleum Corporation for this area ASD S.
The completion of the ASD S-1X well will conclude the drilling program for the Abu Sennan License in 2023. A comprehensive drilling program for 2024 is being finalized with the JV partners on the Abu Sennan License and is anticipated to start in early January with the drilling of the ASH-10 development well on the ASH Field.
United Chief Executive Officer, Brian Larkin commented: “We are pleased with the petrophysical analysis from the ASD S-1X exploration well which shows the presence of net pay of 9.5 meters of hydrocarbons and look forward to the results of the testing over the coming days. The additional data from the testing will enhance our understanding of the potential in this area of the license. This brings to an end our 2023 drilling program.”
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