RE: All the trolls16 May 2023 13:06
Theunluckyone
Part 1
Is that all you've got?
10 December 2020
Application for 3 new Turkish licences
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that together with its 50-50 Turkish joint venture partner, Aladdin Middle East ("AME"), the Company has applied to the Turkish authorities for three further exploration licences in south east Turkey. The application area covers four c. 150 km² blocks lying to the south and south east of the Company's 305 km² Basur-Resan Licence (see RNS releases of July 23 and October 13, 2020). This application is on a ground floor basis with UKOG responsible solely for its 50% share of any future costs..............
The four geologically prospective blocks were offered in a licence round which attracted three other applications, including one from TPAO the Turkish state oil & gas company.
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.
13.11.2020
Aladdin Middle East Ltd. (50%) - UKOG Turkey Ltd. The application of (50%) companies for the granting of a joint oil exploration license for the M47-b3 plot of 15,301 hectares in Siirt province was examined; Pursuant to articles 7 of the Turkish Petroleum Law No. 6491 and articles 9 and 10 of the Turkish Petroleum Law Implementation Regulation, it was decided to reject the request.
Aladdin Middle East Ltd. (50%) - UKOG Turkey Ltd. The application of (50%) companies for the granting of a joint oil exploration license for the M48-d1 sheet of 15,326 hectares in Siirt province was examined; Pursuant to articles 7 of the Turkish Petroleum Law No. 6491 and articles 9 and 10 of the Turkish Petroleum Law Implementation Regulation, it was decided to reject the request.
Aladdin Middle East Ltd. (50%) - UKOG Turkey Ltd. The application of (50%) companies for the granting of a joint oil exploration license for the M47-c1, c2 plot of 30,650 hectares in the provinces of Siirt, Şırnak and Mardin was examined; Pursuant to articles 7 of the Turkish Petroleum Law No. 6491 and articles 9 and 10 of the Turkish Petroleum Law Implementation Regulation, it was decided to reject the request.
30 June 2021
"We also look forward to hearing the outcome of our application with AME for three further exploration licences in Southeast Turkey. I am excited by the prospective size of the undrilled anticlines in these blocks, and should the award be confirmed, we plan to acquire seismic over the most prospective as part of the Basur-Resan survey."