UK Oil & Gas plc (UKOG) plans to run electric logs to identify oil pay after an initial 107 metre open hole swab test proved inconclusive in the Pinarova-1 exploration well in Turkey. PRIMARY TARGET The company is testing the site to learn whether the well is fed by and connected to a 9km2 light […]
Equipment & Logistics
Scotgold targets up to £2m in further fundraise
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 […]
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 […]