We believe that the Basur-3 well is a high-impact well that has been derisked by prior drilling into the structure. We therefore believe the successful capital raise is timed advantageously for investors and the company. We note that the Basur-3 well is being drilled updip of the successful discovery well, which we believe greatly favours a successful outcome. With a mean success case recoverable resource potential of 37.2 million (gross, UKOG 50%), we see the drilling of the Basur-3 to test the ....
05 Jul 2021
UK Oil & Gas (UKOG) – Successful Placing of Approximately £5.0M
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UK Oil & Gas (UKOG) – Successful Placing of Approximately £5.0M
UK Oil & Gas Plc (UKOG:LON) | 0.0 0 0.0% | Mkt Cap: 1.12m
- Published:
05 Jul 2021 -
Author:
Brendan Long -
Pages:
4
We believe that the Basur-3 well is a high-impact well that has been derisked by prior drilling into the structure. We therefore believe the successful capital raise is timed advantageously for investors and the company. We note that the Basur-3 well is being drilled updip of the successful discovery well, which we believe greatly favours a successful outcome. With a mean success case recoverable resource potential of 37.2 million (gross, UKOG 50%), we see the drilling of the Basur-3 to test the ....