Today UK Oil & Gas PLC (London AIM: UKOG) announced that it has signed binding heads of agreement (https://www.share-talk.com/uk-oil-gas-plc-ukog-l-entry-into-turkish-oil-project/#gs.biby4u) with Aladdin Middle East Ltd ("AME"), an independent oil company with 60 years of operational experience in Turkey.
To take a 50% non-operated working interest in the 305 km² Resan Licence ("Licence"). UKOG will take an active technical role in a 5-well oil appraisal and step-out exploration drilling programme, which, Covid and weather permitting, is expected to commence this year.
We took the opportunity to speak with Stephen Sanderson, UKOG's Chief Executive and let him explain today update and what it means for the company.
To take a 50% non-operated working interest in the 305 km² Resan Licence ("Licence"). UKOG will take an active technical role in a 5-well oil appraisal and step-out exploration drilling programme, which, Covid and weather permitting, is expected to commence this year.
We took the opportunity to speak with Stephen Sanderson, UKOG's Chief Executive and let him explain today update and what it means for the company.
Show Notes
Today UK Oil & Gas PLC (London AIM: UKOG) announced that it has signed binding heads of agreement with Aladdin Middle East Ltd ("AME"), an independent oil company with 60 years of operational experience in Turkey.
To take a 50% non-operated working interest in the 305 km² Resan Licence ("Licence"). UKOG will take an active technical role in a 5-well oil appraisal and step-out exploration drilling programme, which, Covid and weather permitting, is expected to commence this year.
We took the opportunity to speak with Stephen Sanderson, UKOG's Chief Executive and let him explain today update and what it means for the company.
Listen On
Also Listen
-
Mosman Oil and Gas (LON:MSMN) CEO Andy Carroll - Progress at EP 145 project, with Govt approval
Andy Carroll, CEO of Mosman Oil and Gas Ltd (LON: MSMN), spoke with Share Talk w -
Zak Mir talks to Bernard Olivier, CEO URA Holdings (LON:URAH) Production Begins at Gravelotte Emerald Mine
In the interview on Zak Mir's channel, Bernard Olivier, CEO of URA Holdings, dis -
Oracle Power (AIM:ORCP) Shareholder Q&A Q1 2024 - Zaks Traders Cafe
Zak Mir talks to Naheed Memon, CEO of Oracle Power, as she answers the latest qu -
Ondo Insurtech on track (LON: ONDO) CEO Craig Foster talks to Zaks Traders Cafe
Ondo InsurTech PLC (LON: ONDO), a pioneering firm in technology that mitigates