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United Oil & Gas PLC - oil and gas explorer - Announces spudding of ASH-3 well in the Abu Sennan Licence, Egypt on Monday. UOG holds a 22% working interest in the Licence, which is operated by Kuwait Energy Egypt.
"We are delighted that the ASH-3 well has been spudded, and look forward to updating the market in due course, once the well has reached the target reservoirs. There is clearly great potential in the ASH Field, and if the outstanding success that was achieved in the ASH-2 well can be replicated here, it will be a fantastic result for the joint venture partners," says Chief Executive Officer Brian Larkin.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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