With a mean success case recoverable resource potential of 37.2 million (gross, UKOG 50%), we see the spudding of the Basur-3 to test the Basur-Resan structure as positive price material development. We note the strengthening of oil prices adds further interest to the well result.
28 Jun 2021
UK Oil & Gas (UKOG) – Drilling commenced at Basur-3
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UK Oil & Gas (UKOG) – Drilling commenced at Basur-3
UK Oil & Gas Plc (UKOG:LON) | 0.0 0 0.0% | Mkt Cap: 1.12m
- Published:
28 Jun 2021 -
Author:
Brendan Long -
Pages:
4
With a mean success case recoverable resource potential of 37.2 million (gross, UKOG 50%), we see the spudding of the Basur-3 to test the Basur-Resan structure as positive price material development. We note the strengthening of oil prices adds further interest to the well result.