UKOG announced it has entered a binding agreement with Aladdin Middle East Ltd (“AME”) to take a 50% non-operated working interest in the Resan Licence, which is located in Turkey and has a licence area of 305 km2. The licence lies within the Zagros fold belt petroleum system and it is on trend with nearby proven oil reserves ranging in scale from 20 to over 200 million barrels of oil. The agreement will see UKOG drill a 5-well oil appraisal and step-out exploration-drilling programme. The comp ....
23 Jul 2020
WHI First Light: UK Oil & Gas (UKOG)
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
WHI First Light: UK Oil & Gas (UKOG)
UK Oil & Gas Plc (UKOG:LON) | 0.0 0 0.0% | Mkt Cap: 1.30m
- Published:
23 Jul 2020 -
Author:
Brendan Long -
Pages:
5
UKOG announced it has entered a binding agreement with Aladdin Middle East Ltd (“AME”) to take a 50% non-operated working interest in the Resan Licence, which is located in Turkey and has a licence area of 305 km2. The licence lies within the Zagros fold belt petroleum system and it is on trend with nearby proven oil reserves ranging in scale from 20 to over 200 million barrels of oil. The agreement will see UKOG drill a 5-well oil appraisal and step-out exploration-drilling programme. The comp ....