Scotgold Resources Ltd aims to raise £1.5 to £2 million via an open offer and a subscription for its operations at Cononish gold and silver mine near Tyndrum in Scotland. OPEN OFFER Existing shareholders can subscribe for up to 10,065,262 new ordinary shares of 15 pence to raise up to a maximum of £1.5m. Directors participating include […]
Equipment & Logistics
UKOG finds oil shows in Pinarova-1 well
UK Oil & Gas plc (UKOG) said it had encountered oil shows in drill cuttings from 300 to 400 metres depth in the Pinarova-1 exploration well within the target Eocene Hoya limestone in Turkey. SWAB TESTING The company’s joint venture aims to discover whether the Pinarova structure is connected to an underlying 9km2 light oil […]
IOG delayed by gas-oil influx in Blythe H2
IOG plc encountered “abnormally pressured gas and oil influx” while drilling the Blythe H2 development well at the Saturn Banks project in the southern North Sea. H2 WELL The H2 well is being drilled by the Shelf Perseverance jack-up drilling rig under IOG’s contract with Shelf Drilling (UK) Ltd. Petrofac is the well operator. IDENTIFIED […]
UKOG prepares to drill Pinarova-1
UK Oil & Gas plc (UKOG) is preparing for the next drill stage to test whether the Pinarova-1 exploration well is fed by and connected to an underlying 9km2 light oil accumulation at the site in Turkey. SCHEDULE Following initial drilling, the company’s joint venture partner has set and cemented the well’s 9⅝ inch casing down […]
UKOG ahead of schedule at Pinarova-1 well
UK Oil & Gas plc (UKOG) is several days ahead of schedule after reaching its planned 9⅝ inch casing point at 291 metres below surface in the Pinarova-1 shallow oil exploration well in Turkey. PROGRAMME The 50-50 joint venture is testing whether the active 41.7˚ API light oil seep found in a seismic shot hole above the […]
UKOG tests for light oil accumulation in Pinarova-1
UK Oil & Gas plc has started testing its working hypothesis that the Pinarova-1shallow oil exploration well is connected to an underlying accumulation at the site in Turkey. OPERATIONS The 50-50 joint venture with operator Aladdin Middle East involves drilling a 12¼ inch diameter hole down to the first casing point at a depth of […]