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UK Oil & Gas PLC - oil and gas exploration company - Applies to Turkish authorities for three further exploration licences in south east Turkey, along with joint venture partner Aladdin Middle East.
The application area covers four 150 square kilometre blocks lying to the south and south east of the company's Basur-Resan licence.
"Further to a recent favourable meeting with the Turkish licence regulator, GDMPA, we understand that the AME/UKOG application has now been passed to the Turkish government for approval. At this stage, whilst indications are positive, we await formal notification as to which licence or licences, if any, are awarded to AME/UKOG. Notification is expected within 60 days - results and terms will be released in due course," company says.
Current stock price: 0.14 pence
Year-to-date change: down 83%
By Lucy Heming;Â lucyheming@alliancenews.com
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