United Oil & Gas PLC announced the spudding of the ASX-1X exploration well in the Abu Sennan Licence, Egypt on 14 August. United holds a 22% working interest in the Licence, which is operated by Kuwait Energy Egypt. ASX-1X is a vertical exploration well, located c. 7km to the north of the producing Al Jahraa Field. The well is targeting a similar structure to the nearby discovery that was recently made at ASD-1X, with primary targets in the Abu Roash C and E reservoirs, and secondary targets in the deeper Bahariya and shallower Khoman Formations. The ASX prospect had always ranked highly for United among the identified exploration targets in Abu Sennan, and with the de-risking provided by the positive result at ASD-1X only 11km away, and the short timeframe in which that discovery was put into production, the ASX-1X prospect has become a prioritised target. The ASX-1X is expected to be the final well of the 2021 campaign, with longer-term plans for unlocking the additional potential in the Abu Sennan licence currently under discussion. The well is located c. 7km to the north of the producing Al Jahraa field and will test a number of stacked reservoir targets. In a success-case scenario, the well is expected to take up to 54 days to drill, test and complete.