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American Energy Group

The American Energy Group’s subsidiary, Hycarbex-American Energy, the operator of the Yasin 2768-7 exploration license in Pakistan, has successfully revived the productivity of its Haseeb No. 1 well. This was achieved through workover activities necessitated by intrusion of formation water into the wellbore in 2014. The surface well test was conducted between 28 July and 5 August, and the well produced gas at each of four varying choke sizes tested. Hycarbex is investigating the availability of gas processing services in the area in order to render the gas suitable for pipeline sale and, alternatively, the availability of industrial gas customers who do not require processed gas for their operations. The company anticipates that Hycarbex will begin marketing gas within the first quarter of 2019.


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