RE: Pinarova-114 Jun 2023 13:35
But what was actually said was;
"UK Oil & Gas PLC (London AIM: UKOG) announces that the Company and Aladdin Middle East, the Pinarova-1 operator, have jointly decided to temporarily suspend testing operations pending access to larger, more powerful, 7-inch perforating guns, capable of fully penetrating Pinarova's 9⅝-inch casing and cement. The decision results from analysis of downhole pressure gauge data from testing operations, which indicates that the 4.5-inch perforating guns used have been unable to establish direct contact with the formation through the casing and cement.
Consequently, to date, tests have not yet been able to assess the potential of the zones associated with the 12 hours of strong crude oil odour and oil at surface as previously reported on May 3rd, 2023.
AME had previously advised that the 4.5-inch perforating guns were the largest available in-country and are now working with the sole licenced perforating gun provider in our operational area of SE Turkey to source the required equipment.
A further update will follow when the date of testing operation resumption becomes clear."