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London Stock Exchange

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Share Price: 0.0215

Bid: 0.02

Ask: 0.023

Change: 0.0005 (2.38%)

Spread: 0.003 (15.00%)

Open: 0.021

High: 0.0215

Low: 0.021

Prev. Close: 0.021

UKOG Live Price

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IN BRIEF: UK Oil & Gas gets formal consent for Turkish well objectives

Mon, 06th Mar 2023 11:15

UK Oil & Gas PLC - London-based oil and gas exploration and production company - Secures written consent from Turkey's General Directorate of Mining and Petroleum Affairs for the Pinarova-1 exploration well's geological and technical objectives and design.

GDMPA must receive a notice of an intended spud date five days before drilling starts. UK Oil & Gas expects this to begin around the end of March or early April.

It holds a 50% interest in Pinarova-1, as well as the surrounding 305 square kilometre Resan licence in Turkey.

Current stock price: 0.066 pence, down 3.7% in London on Monday morning

12 month change: down 34%

By Holly Beveridge; Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News

4 Jun 2020 11:09

UK Oil & Gas moves to 'strengthen performance', raises £4.2m

(Sharecast News) - UK Oil & Gas announced on Thursday that it plans to carry out a number of material actions, designed to strengthen its overall financial and oil production performance during the current low oil price environment.

28 Apr 2020 13:29

UK Oil & Gas slashes costs at Horse Hill

(Sharecast News) - UK Oil & Gas said on Tuesday that, in response to the Covid-19-induced low oil price environment, it has implemented material cost savings at all levels across its organisation.

28 Apr 2020 12:28

UK TRADING UPDATE SUMMARY: Zenith Latest To Join Global Drive For PPE

UK TRADING UPDATE SUMMARY: Zenith Latest To Join Global Drive For PPE

22 Apr 2020 15:27

UK Oil & Gas Reduces Riverfort And YA Debt To GBP2.3 Million

UK Oil & Gas Reduces Riverfort And YA Debt To GBP2.3 Million

1 Apr 2020 14:25

UPDATE: UK Oil & Gas Pays Off Deferred Consideration For Horse Hill

UPDATE: UK Oil & Gas Pays Off Deferred Consideration For Horse Hill

1 Apr 2020 14:03

UK Oil & Gas Pays Off Last Deferred Consideration For Horse Hill

UK Oil & Gas Pays Off Last Deferred Consideration For Horse Hill

25 Mar 2020 08:54

CORRECT: UK Oil & Gas Files Application With Isle Of Wight Council

CORRECT: UK Oil & Gas Files Application With Isle Of Wight Council

25 Mar 2020 06:59

UK Oil & Gas Files Arreton Application With Isle Of Wight Council

UK Oil & Gas Files Arreton Application With Isle Of Wight Council

23 Mar 2020 14:54

UK Oil & Gas files planning application for drilling at Arreton

(Sharecast News) - UK Oil & Gas has filed a planning application with the Isle of Wight Council for the appraisal drilling and flow testing of the Arreton oil discovery, it announced on Monday.

13 Mar 2020 10:50

UK Oil & Gas, Alba Get UK Government Approval For Horse Hill Plan

UK Oil & Gas, Alba Get UK Government Approval For Horse Hill Plan

9 Mar 2020 14:51

UK Oil & Gas Reports Positive Outcome To Horse Hill Repair Work

UK Oil & Gas Reports Positive Outcome To Horse Hill Repair Work

19 Feb 2020 13:33

UK Oil & Gas Starts Water Shut Off Intervention At Horse Hill-2z Well

UK Oil & Gas Starts Water Shut Off Intervention At Horse Hill-2z Well

17 Feb 2020 14:21

UK Oil & Gas Reduces Riverfort, YA Debt To GBP3.0 Million

UK Oil & Gas Reduces Riverfort, YA Debt To GBP3.0 Million

5 Feb 2020 16:20

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

4 Feb 2020 12:52

UK Oil & Gas Reduces Riverfort, YA, Debt Balance To GBP3.2 Million

UK Oil & Gas Reduces Riverfort, YA, Debt Balance To GBP3.2 Million