United Oil & Gas has announced an update on the ASD S-1X exploration well on the ASD south prospect in the Abu Sennan licence, onshore\u00a0Egypt. United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt.\u00a0<\/p>\n\n\n\n
Summary <\/p>\n\n\n\n
The ASD S-1X well commenced drilling on 11 November and reached a total depth of 3450 metres on 12 December, ahead of schedule and under budget.<\/p>\n\n\n\n
The well has subsequently been logged and petrophysical analysis by the operator indicates the presence of a total of 9.5 metres 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 metres 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.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
The completion of the ASD S-1X well will conclude the drilling programme for the Abu Sennan License in 2023. A comprehensive drilling programme for 2024 is being finalised with the JV partners on the Abu Sennan Licence and is anticipated to start in early January with the drilling of the ASH-10 development well on the ASH Field. <\/p>\n\n\n\n
\u200bUnited Chief Executive Officer,\u00a0Brian Larkin\u00a0commented,\u00a0<\/p>\n\n\n\n