Page 2 - Upper Bahariya News Today : Breaking News, Live Updates & Top Stories | Vimarsana

  United Oil & Gas PLC (AIM: "UOG"), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets is pleased to provide the following 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.   Highlights from AJ-8 Well: · Initial interpretations indicate a total of over 40m MD of net oil pay encountered cumulatively across three diffe...

Pharos Energy has provided an update on its activities in Egypt and Vietnam. The Company reports a modest discovery in Egypt, reconfirming the potential for additional oil on the El Fayum concession. In Vietnam, Pharos is poised to commence a low risk development drilling programme in the Cuu Long Basin and a 3D seismic acquisition programme over exploration acreage in the Phu Khanh Basin.

Oil price Oil is doing nothing as the reporting agencies come in with their monthly reports, even a decent set of inventory stats seemed to be ignored...