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Turkey: UKOG granted formal drilling consent for Basur-3 appraisal well
07 Apr 2021 Turkish Ministry of Energy and Natural Resources has granted
UKOG Turkey and
Basur-3 appraisal well, located in the
Resan licence AR/AME-UKO/K/M47-b1, b2. UKOG Turkey, a wholly owned UKOG subsidiary, has a 50% interest in the Licence, which contains the potentially significant
Basur-Resan oil discovery.
The Ministry s permission, dated 2nd April 2021, follows the partnership s 1st April 2021 submission of the required Pre-Activity Information Form (Annexe-50) and Drilling Programme.The consent requires the Ministry to be notified 5-days prior to the actual spud date of Basur-3.
Drilling pad and access road construction works continue to progress ahead at good pace with completion expected by end May.
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Turkey: UKOG announces commencement of Basur-3 drilling site construction
01 Apr 2021 Basur-3 appraisal well s drilling pad and access road has now commenced. Construction works, located within the Company s 50% owned 305 sq km
Resan licence, are scheduled to last approx. 60 days.
The Basur-3 location lies approx. 1.2 km north and geologically updip from the
1964 Basur-1 oil discovery well, which as detailed in the Company s 14 October 2020 and 15 January 2021 releases, produced
500 barrels ( bbl ) of oil from a short 6-hour swab test, equivalent to an extrapolated daily rate of
2,000 bbl of oil per day.
Basur-3, the first modern appraisal well designed to confirm the extent and commerciality of the discovered