Further to its announcement dated 23 July, UKOG has completed the farmin with Aladdin Middle East Ltd to earn 50% of the 305 km2 Resan licence in Turkey. Further to its successful 02 October equity raise, UKOG will now fund its agreed share of key initial preparatory operations so that the first oil appraisal well, currently planned as Basur-3 can be drilled as soon as practicable in early 2021. As a reminder, the licence has a mid-case estimated recoverable resource potential, net to UKOG's 50% ....
14 Oct 2020
WHI First Light: UK Oil & Gas (UKOG) - Completion of farmin to Turkish Resan Licence
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WHI First Light: UK Oil & Gas (UKOG) - Completion of farmin to Turkish Resan Licence
UK Oil & Gas Plc (UKOG:LON) | 0.0 0 0.0% | Mkt Cap: 1.30m
- Published:
14 Oct 2020 -
Author:
Brendan Long -
Pages:
4
Further to its announcement dated 23 July, UKOG has completed the farmin with Aladdin Middle East Ltd to earn 50% of the 305 km2 Resan licence in Turkey. Further to its successful 02 October equity raise, UKOG will now fund its agreed share of key initial preparatory operations so that the first oil appraisal well, currently planned as Basur-3 can be drilled as soon as practicable in early 2021. As a reminder, the licence has a mid-case estimated recoverable resource potential, net to UKOG's 50% ....