Turkey: UKOG completes Turkish Resan licence participation agreement with AME
25 Jan 2021
AIM-listed Basur-Resan oil appraisal and exploration licence, it has now also completed the transaction with
Aladdin Middle East ( AME ). Effective forthwith the conduct of the Licence s operations will now be governed by the respective joint operating agreement.
Both the Company and AME will now work towards finalising the design and delivery of a successful
first appraisal well, Basur-3, aimed at establishing the commerciality of the aerially extensive and as yet
undeveloped Basur-Resan oil discovery.
As per the Company s 15 January 2021 announcement, the board views the Licence s forthcoming 2021 appraisal drilling programme to present a compelling and potentially transformational growth opportunity for the Company. Further updates will be issued in due course.
UK Oil & Gas PLC (AIM:UKOG) | RNS | UK Oil & Gas PLC - Completion of Resan licence agreement with AME proactiveinvestors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com Daily Mail and Mail on Sunday newspapers.
20 January 2021 | 09:15am
StockMarketWire.com - Oil company UK Oil & Gas said it had completed a planned 50% investment in Turkey s Basur-Resan prospect.
The company had become joint operator of the prospect with Aladdin Middle East and was finalising preparations for first appraisal well, Basur-3. The board views the licence s forthcoming 2021 appraisal drilling programme to present a compelling and potentially transformational growth opportunity for the company UK Oil & Gas said.
At 9:15am: [LON:UKOG] UK Oil Gas Investments Plc share price was 0p at 0.17p
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Turkey: UKOG receives formal government consent for Turkish Resan Licence acquisition
15 Jan 2021
UK Oil & Gas (UKOG) has announced that the Company s wholly owned subsidiary,
UKOG Turkey, has received notice that formal government consent for the Company s acquisition of a 50% interest in the 305 sq km Basur-Resan oil appraisal and exploration licence has now been granted via official decree. Forthwith, together with the operator,
Aladdin Middle East ( AME ), the Company is a named party to the Licence, officially designated as
AR/AME/K/M47-b1, b2.
As per the Company s 14 October 2020 announcement, the board views the Licence s forthcoming 2021 appraisal drilling programme, aimed initially at proving the commerciality of the Basur-Resan oil discovery, to present a compelling and potentially transformational growth opportunity for the Company.