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UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Pinarova-1 well operator, Aladdin Middle East, says that the resumption of testing operations within the Germik/Hoya sequence, is expected in around four weeks. Says testing will cover the section where strong oil odours were recorded over a 12-hour period during drilling.
UKOG holds a 50% non-operated interest in Pinarova-1 and the surrounding 305 kilometre squared Resan licence, which also includes the as yet undeveloped Basur-1 light oil discovery.
Current stock price: 0.031 pence, up 1.6%
12-month change: down 56%
By Sabrina Penty, Alliance News reporter
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