UK Oil & Gas plc (UKOG) has found a more powerful perforating gun to test the Pinorova-1 shallow oil exploration well, 6km north of the Basur- oil discovery in Turkey. UNDERLYING FORMATION Pinarova-1 is testing whether the active 42˚ API light oil seep, found during 2022 in a seismic shot hole above the Pinarova structure, is connected […]
Tag: Basur-1 oil discovery
UKOG to drill new oil target of Pinarova in Resan
UK Oil & Gas plc (UKOG) said it planned to drill a new 9km2 shallow oil accumulation located 6 km north of the Basur-1 oil discovery in the Resan joint venture licence, Turkey. PINAROVA The company holds a 50% interest with Aladdin Middle East (50%) in the project. UKOG added that analysis of the Q3 2022 […]
UKOG to raise further funds for Basur-1 seismic
UK Oil & Gas plc (UKOG) said it would need to raise further funds for its joint venture (JV) partner to shoot further unbudgeted seismic at the the Basur-1 oil discovery on the Resan licence in Türkiye. FINANCES UKOG added that a longer-than-expected seismic acquisition period over winter had also required additional previously unbudgeted working […]