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Market Cap: £9.23m
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IN BRIEF: United Oil & Gas's Al Jahraa well to be brought onstream

Wed, 29th Dec 2021 09:05

United Oil & Gas PLC - Dublin-based oil and gas company with assets in Egypt, the UK, Italy and Jamaica - Says its Al Jahraa-13 well in Egypt will be brought onstream in the coming days. The news follows the well reaching a total depth of 3,840 metres and encountering 17.5 metres of net oil pay across the upper and lower Bahariya reservoir targets. The AJ-13 well is under the Abu Sennan licence of which United holds a 22% working interest. The licence is operated by Kuwait Energy Egypt. The AJ-13 is the fifth and final well in United's Abu Sennan 2021 drilling programme.

Current stock price: 2.49 pence, up 10% in London.

Year-to-date change: down 17%

By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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