UK Oil & Gas plc has been granted more time for the retention area work programme containing the Horse Hill oil field in Surrey. PRODUCTION WELL The North Sea Transition Authority consented to the extension within PEDL137, under which lies the Kimmeridge oil pool, to 30 September 2025. NSTA last granted UKOG an extension in May […]
Tag: UK Oil & Gas plc (UKOG)
Alba notes Horse Hill term sheet extension needs shareholders’ support
UK Oil & Gas plc (UKOG) and its potential farm-in partner have agreed to extend the conditional binding Horse Hill term sheet allegedly without all shareholders’ approval. CONSENTS UKOG and Pennpetro Energy plc extended the deal, signed originally in March, to 30 June 2024. Pennpetro will farm-in to the Horse Hill Oil Field on an […]
UKOG notes arrival of 7-inch perforating guns for Pinarova-1
UK Oil & Gas plc (UKOG) said that 7-inch perforating guns, capable of fully penetrating the joint venture Pinarova-1 well’s 9⅝-inch casing, arrived last week via airfreight in Istanbul. ACCUMULATION Following completion of preparations and paperwork the guns will be transported to site to resume operations on the exploration well. Pinarova-1 is testing whether […]
UKOG expects to resume testing Pinarova-1
Pinarova-1 exploration well is expected to resume tests in four weeks with 7-inch perforating guns at the site north of the Basur- oil discovery onshore Turkey. SECTION UK Oil & Gas plc (50%) said that the larger more powerful guns than previously used were capable of fully penetrating the well’s 9⅝-inch casing, focusing on the […]
UKOG finds more powerful perforating gun for Pinarova-1
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 […]
Court hearing deferred on challenge to WCM coal mine
West Cumbria Mining Ltd (WCM) said that the rolled-up hearing relating to challenges against the Government’s planning approval for a deep coal mine has been postponed. RESCHEDULED The company added it continued to progress towards the pre-start work required, including design, planning, equipment procurement and associated desk-based work. The hearing, set for 24 to 26 October […]