UK Oil & Gas plc (UKOG) said it had marked a milestone with the start of air drilling at the Basur-3 appraisal oil well in the 305 km² Resan licence, Turkey. On 26 June, operations began on the initial 17.5 inch diameter hole section, following which a 13⅝ inch casing is expected to be set. […]
Tag: Turkey
Oriole cuts losses by 81% and raises £2.37m
Oriole Resources plc reduces losses by more than 80% and raised £2.37 million through its portfolio of assets in Africa and Turkey. The company said that the significant reduction was partly driven by an unrealised foreign exchange gain of £317,000, compared with a £445,000 exchange loss in 2019. The remaining sum of £578,000 was the […]
UKOG applies for three more Turkey oil licences
UK Oil & Gas plc (UKOG) and its joint venture partner Aladdin Middle East (AME) have applied for three further exploration licences in the southeast of Turkey. UNDRILLED FEATURES The application covers four 150 km² blocks to the south and southeast of the company’s 305km² Basur-Resan licence, with UKOG responsible for its 50% share of […]
UKOG raises £2.2m to fund Turkish Resan oil project
UK Oil & Gas plc said it has raised £2.2million to fund its share of initial drilling and seismic costs for the Turkish Resan oil project. UKOG announced on 23 July 2020 that it had signed a binding heads of agreement with Aladdin Middle East Ltd (AME) to take a 50% interest in the oil […]