United Oil & Gas Plc announced the spudding of the ASW-1X exploration well in the Abu Sennan licence, onshore Egypt.United holds a 22% non-operating interest in the Abu Sennan licence, which is operated by Kuwait Energy Egypt. ASW-1X exploration well: Following mobilisation of the Sino Tharwa-1 rig to site, the operator of the Abu Sennan licence, KEE, has notified the Joint Venture ("JV") partners that the ASW-1X well has commenced drilling. This exploration well is the fifth and final well to spud in the 2022 drilling campaign and is targeting un-risked mean recoverable resources estimated by United at c. 8 mmbbls gross in multiple reservoirs.

The ASW-1X prospect has been de-risked by the HF36-5X discovery made in an adjacent block in 2020, and by the results of the 2022 seismic reprocessing on the Abu Sennan licence, which has provided improved imaging and definition of the ASW targets. If successful, the well is expected to be quickly tied into existing facilities, adding additional production and revenue for the Company.