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United Oil & Gas says Egypt development well finds oil
StockMarketWire.com
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Oil company United Oil & Gas said a development well in Egypt had intersected a net pay of around 27.5 metres.
The ASH-3 well was drilled to a total depth of 4,087 metres in the Abu Sennan concession, of which United Oil & Gas held a 22% non-operating interest.
The well would be tested and completed in the coming days and then brought immediately onstream through existing facilities, delivering a further uplift to production, the company said.
At 9:39am: (LON:UOG) United Oil Gas Plc share price was 0p at 2.45p
Story provided by StockMarketWire.com
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