Work has paused on UKOG’s Turkish well after the drilling assembly became stuck.
UK Oil & Gas (UKOG) has announced the Turkish energy ministry has granted formal drilling consent for the Basur-3 well.
UK Oil & Gas plc announced this morning its 50% acquisition in the Basur-Resan oil licence in south east Turkey has been officially approved. The company said it was now a named party on the licence.
UK Oil & Gas plc announced today it had raised £2.2m to fund initial operations in its new interest in the Resan oil exploration project in Turkey.
The company behind oil drilling at Horse Hill in Surrey said this morning it had taken a licence stake in south east Turkey in the hope of “rapid monetisation” of reserves.