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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Urals EN. | LSE:UEN | London | Ordinary Share | CY0107130912 | ORD USD0.126 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 35.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS No 3398w UNITED ENERGY PLC 12th November 1997 ANN MAG DEEP DRILLING SUCCESS United Energy plc announces that its wholly owned subsidiary, AmBrit Energy Corp ("AmBrit") is in the process of completing the successful Perez Deep No.1 well in the Ann Mag Field, Brooks County, Texas. The Perez Deep No.1 well, in which AmBrit has a 15% working interest, is the second of three wells to be drilled this year to evaluate the deeper Vicksburg sands in the Ann Mag area, at a depth of just over 12,000 ft. The first well, the Sullivan Deep A No.1 (AmBrit 15.6% working interest), encountered three sands, the Vx5, Christico and Vx6 with a total of 56 feet of net pay. This well is currently producing 3.8 mmscf of gas and 350 bbl of condensate per day just from the 25 ft thick Vx6 sand, which is equivalent to some 120 boepd net to AmBrit. We hope to add in production from the Christico and Vx5 sands during the first half of 1998, subject to approval from the regulatory authorities. In the Perez Deep No.1 well, the Vx5 to Vx9 sands were either faulted out or poorly developed, but the well encountered a thick Vx10 sand with 77 ft of net pay together with 17ft of net pay in the Vx11 sand. The Vx10 sand is considerably thicker than was expected and the initial indications from this well are very encouraging. The two pay zones are scheduled to be perforated and stimulated during the month of November and we expect to have this well on commercial production by early December. The success of this well should have a material impact on AmBrit's production and reserve base. The third deep Vicksburg well, the Rupp Deep "C" No.1 in which AmBrit has a 14.55% working interest, is currently drilling and we expect to intersect the target sands over the next two weeks. The success of the two deep Vicksburg wells to date has set up at least three deep development wells for the 1998 Drilling Program. Contact: Nick Tamblyn, Chief Executive - 01242 253773 Derek Howard-Orchard, Group Technical Director - 01242 253773 END MSCOCBCQNDDDQDD
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