United Oil & Gas price target lifted by stockbroker24 Feb 2021 21:45
ASH-3 well at the Abu Sennan project Egypt Is 'the gift that keeps on giving'.The ASH-3 well showed a maximum rate of 7,720 barrels oil equivalent per day, comprising 6,379 barrels of oil per day and 6.7mln cubic feet per day, from the Alam El Bueib ("AEB") reservoir during well-testing.On a choke reduced to conditions that are representative of production, the well yielded a rate of 4,140 boepd - 3,561 bopd and 2.9mln cubic feet of gas.
United Oil & Gas Price Target Lifted by Stockbroker as Latest Well Beats Expectations. Cenkos repeated a ‘buy’ recommendation with a new price target of 28p, up from 26.6p.