United Oil & Gas PLC announced successful test results and commencement of production from the Al Jahraa-13 development well ("AJ-13"), in the Abu Sennan licence, onshore Egypt, which is operated by Kuwait Energy Egypt. Highlights: Well tested with flow rates of: 897 bopd and 0.95 mmscf/d gas (c. 1,087 boepd gross; 239 boepd net) on a 64/64" choke, 623 bopd and 0.47 mmscf/d gas (c. 717 boepd gross; 158 boepd net) on a 32/64" choke, The well has now been tied into the existing facilities and brought on stream at an initial rate of c. 600 bopd gross on a 48/64" choke. This is less than eight days from completion, rapidly adding additional production and revenue to the Company, The ECDC-6 rig will now move to drill the ASD-2 development well, the first well in the 2022 campaign.

As previously announced, the AJ-13 well, which is a follow up to the successful Al Jahraa-8 well, safely reached a TD of 3,840m, several days ahead of schedule and under-budget. The well has been logged and interpreted to have encountered 17.5m of net oil pay across the Upper and Lower Bahariya reservoir targets, in line with the range of pre-drill expectations. The AJ-13 well is the fifth and final well in the Abu Sennan 2021 drilling programme.

The ECDC-6 rig, used to drill the AJ-13 well, will now move to commence the 2022 drilling programme, starting with the ASD-2 development well. The ASD-2 well follows on from the exploration success that was made in 2021 with the ASD-1X well. It will target the Abu Roash reservoirs in a more northerly part of the same structure, aiming to access the upside reserves and accelerate production from this field.

A trading and operations update will be issued in late January to summarise 2021 operational activities and to provide initial guidance on 2022 plans and performance expectations.