UK Oil & Gas Plc (AIM: UKOG), a UK and internationally focused energy company, is pleased to announce its full year results for the full year ended 30 September 2020. A copy of the full annual report and details of the Company s annual general meeting will be posted to shareholders in due course. A copy of the full annual report will also be made available on the Company s website: www.ukogplc.com Qualified Person s Statement Matt Cartwright, UKOG s Commercial Director, who has 38 years of relevant experience in the global oil industry, has approved the information contained in this announcement. Mr Cartwright is a Chartered Engineer and member of the Society of Petroleum Engineers.
UK Oil & Gas PLC (London AIM: UKOG) is delighted to announce that the Company s wholly owned subsidiary, UKOG Turkey Ltd, has received notice that formal government consent for the Company s acquisition of a 50% interest in the 305 km² Basur-Resan oil appraisal and exploration licence, ( Licence ), has now been granted via official decree. Forthwith, together with the operator, Aladdin Middle East Ltd ( 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.