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United Oil & Gas touts positive well test results in Egypt
StockMarketWire.com
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Oil company United Oil & Gas announced positive testing results for a well at the Abu Sennan project in Egypt, of which it owned 22%.
The ASD-1X well had tested both the Lower Bahariya and Abu Roash C reservoirs.
Headline test results from both reservoirs exceed United's internal pre -drill expectations, the company said.
The EDC-50 rig had now moved to the Al Jahraa Field within the Abu Sennan licence, where drilling of the AJ-8 development well commenced on 2 May.
At 9:25am: (LON:UOG) United Oil Gas Plc share price was 0p at 2.45p
Story provided by StockMarketWire.com
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