United Oil & Gas PLC (LON:UOG) reported first quarter production averaged 2,520 barrels oil equivalent per day.
It comes in slightly above the guidance benchmark given for the first half of this year, which is pitched at 2,300 to 2,500 boepd.
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The company highlighted that it marks a 12% improvement versus the fourth quarter of 2020, with production growth driven by additional output being delivered through the ASH gas pipeline and recently the addition of the ASH-3 well.
ASH-3 came online in early March and has so far averaged more than 4,000 boepd gross, which gives United 880 boepd net.
United owns a 22% working interest in the project which is operated by Kuwait Energy.