Turkey: UKOG applies for three new Turkish licences
10 Dec 2020
UK Oil & Gas (UKOG) has announced that, together with its 50-50 Turkish joint venture partner,
Aladdin Middle East ( AME ), the Company has applied to the Turkish authorities for three further exploration licences in south east Turkey. The application area covers four c. 150 sq km blocks lying to the south and south east of the Company s 305 sq km
Basur-Resan Licence (see RNS releases of July 23 and October 13, 2020). This application is on a ground floor basis with UKOG responsible solely for its 50% share of any future costs.
The four blocks straddle multiple large identified undrilled surface geological features (i.e. surface anticlines), each geologically similar to the Company s Basur-Resan oil appraisal project, AME s producing East Sadak oil field and the Kurdistan Region of Iraq s oil fields to the south. To date, the application blocks have been scantily explored with almost no seismic coverage and few we
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that together with its 50-50 Turkish joint venture partner, Aladdin Middle East ( AME ), the Company has applied to the Turkish authorities for three further exploration licences in south east Turkey. The application area covers four c. 150 km² blocks lying to the south and south east of the Company s 305 km² Basur-Resan Licence (see RNS releases of July 23 and October 13, 2020). This application is on a ground floor basis with UKOG responsible solely for its 50% share of any future costs. A map showing the application blocks will be made available on the Company s website in due course.