StockMarketWire.com - United Oil & Gas said Egyptian assets that it has agreed to acquire from Rockhopper Exploration had continued to flow at promising rates.

The ASH-2 well came on stream on 2 January and had been consistently producing at over 3,000 barrels of oil per day.

Since ASH-2 came on stream, gross production from the Abu Sennan licence had averaged about 8,000 barrels of oil equivalent per day.

'As the test results to date on the ASH-2 well demonstrate, Abu Sennan is a producing asset with considerable upside potential,' chief executive Brian Larkin said.


At 9:35am: [LON:UKOG] UK Oil Gas Investments Plc share price was -0.05p at 0.7p



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