Rockhopper is “consistently” producing 3k bbl/d at its new well ASH-2 well in its Abu Sennan concession in the Western Desert, United Oil & Gas said in a filing to the London Stock Exchange. United Oil, which will soon acquire Rockhopper Egypt’s 22% non-operating stake in the field as part of its USD 16 mn purchase of its Egypt portfolio, said the results confirm the asset’s “considerable upside potential.” A deed of acquisition, signed by Rockhopper on 9 January, is currently with the EGPC pending final approval, the filing notes.
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