Following the previously announced formal governmental consent for UKOG to acquire a 50% interest in the Basur Resan licence in Turkey, the company announced today it has now also completed the transaction with Aladdin Middle East Ltd (“AME”); as a result, the conduct of UKOG's operations will now be governed by the joint operating agreement (“JOA”) with AME in respect of the Basur Resan licence area.
20 Jan 2021
WHI First Light: UK Oil & Gas (UKOG) - Completion of Commercial Agreement with AME
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WHI First Light: UK Oil & Gas (UKOG) - Completion of Commercial Agreement with AME
UK Oil & Gas Plc (UKOG:LON) | 0.0 0 0.0% | Mkt Cap: 1.30m
- Published:
20 Jan 2021 -
Author:
Brendan Long -
Pages:
4
Following the previously announced formal governmental consent for UKOG to acquire a 50% interest in the Basur Resan licence in Turkey, the company announced today it has now also completed the transaction with Aladdin Middle East Ltd (“AME”); as a result, the conduct of UKOG's operations will now be governed by the joint operating agreement (“JOA”) with AME in respect of the Basur Resan licence area.