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 […]
Tag: UK Oil & Gas plc (UKOG)
UKOG urges planning changes as Loxley challenge is rejected
UK Oil & Gas plc urged the Government to implement quickly its changes to the planning system after the High Court rejected challenges to the Loxley gas project in Surrey. JUDICIAL REVIEW Waverley Borough Council and Protect Dunsfold were each unsuccessful in their requests for a judicial review and ordered to pay £8,835 and £3,000 […]
UKOG completes Phase II seismic over Resan
UK Oil & Gas plc (UKOG) has completed acquisition of the Phase II seismic programme over its Resan licence (50%) in Turkiye. SEISMIC PROGRAMME The project is a 50-50 joint venture between UKOG and operator Aladdin Middle East. The company said that the programme, comprising four new 2D seismic lines over the possible updip western […]
UKOG appoints Guzyal Mukhametzhanova as CFO
UK Oil & Gas plc has appointed Guzyal Mukhametzhanova as chief financial officer (CFO) in a non-board position. She replaces Matt Gormley who is leaving the company for a new post. Ms Mukhametzhanova started her career within KPMG’s energy and natural resources practice before joining JKX Oil and Gas Ltd as group financial controller and […]
UK Oil & Gas CFO Matt Gormley steps down
UK Oil & Gas plc chief financial officer Matt Gormley has stepped down. Mr Gormley, who was appointed to the post in November 2021, is leaving for a new position.
UKOG raises £3 million via discounted placing
UK Oil & Gas plc (UKOG) raised £3 million in a discounted placing 3,428,571,425 new ordinary shares each at 0.0875 pence. The company said the placing price represented a discount of 20.3% to the closing price of 0.1098 pence per ordinary share on 9 September 2022. The placing shares are equal to 16.25% of the […]