RE: RNS14 Oct 2020 08:03
Stephen Sanderson UKOG's Chief Executive commented:
"When compared to our material Loxley and Arreton appraisal projects, Resan offers even greater upside for similar risk, significantly lower operational costs and, more critically, given success, a far quicker route to production and cash flow. Resan is therefore a compelling and material growth opportunity that could provide potentially transformational reserves growth in the short term. It is a valuable addition to UKOG's portfolio.
We look forward to the imminent start of preparations to drill the first Basur-Resan appraisal well and to a long and successful relationship with our new partner AME."