United Oil & Gas PLC provided the update on the drilling of the Al Jahraa-8 ("AJ-8") development well in the Abu Sennan concession, onshore Egypt (the "Licence"). United holds a 22% working interest in the Licence, which is operated by Kuwait Energy Egypt. Al Jahraa-8 Well: The AJ-8 well commenced drilling on 2nd May, targeting the Abu Roash and Bahariya reservoirs in an undrained portion of the Al Jahraa field. After drilling through the Upper Bahariya and reaching 4,071m MD, inflow into the well was observed. The well was brought under control, but due to hole conditions in the highly deviated well, a decision was made to plug the well back above the ARC, and drill a sidetrack. Preliminary interpretations indicate the sidetrack encountered net pay in the AR-E, and over 30m of net pay across the Upper Bahariya and Lower Bahariya Upper reservoirs. Due to hole conditions in the sidetrack, a decision was made to run liner at 4,314m MD and TD the well without reaching the Lower Bahariya Lower reservoir that had been a pre-drill target. With initial interpretations suggesting over 40m net pay encountered, the Al Jahraa-8 well has further demonstrated the potential within the currently producing fields of the Abu Sennan licence. In particular, the net pay that was encountered in the Upper Bahariya is above pre-drill expectations. The well now be completed and tested across the three hydrocarbon-bearing reservoirs, and will update the market on these results in due course. ASX-1X Exploration Well: After completing the AJ-8 well, the EDC-50 rig will move c.7km to the north of the Al Jahraa field to drill the ASX-1X exploration well. This is a similar structure to the nearby discovery that was recently made at ASD-1X, with targets in the Khoman, Abu Roash and Bahariya reservoirs. 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 value of additional exploration drilling is clear, and the option to extend the rig contract for this well was favourably supported by all the JV partners. This is expected to be the final well of the 2021 campaign, with longer-term plans for unlocking the additional potential that exists in the Abu Sennan licence currently under discussion.