United Oil & Gas PLC's Brian Larkin (LON:UOG) talks through the latest results from the preliminary test results from the ASH-3 development well, at the Abu Sennan project, which beat expectations.
Larkin explains what the numbers mean after the ASH-3 well showed a maximum rate of 7,720 barrels oil equivalent per day, comprising 6,379 barrels of oil per day and 6.7mln cubic feet per day, from the Alam El Bueib ("AEB") reservoir during well-testing.
Currently 'on a choke', to maintain the project 'properly and sensibly', Larkin says Egypt is the 'the gift that keeps on giving' after what he describes as an 'incredible result'.