Swampies given up at HH.19 Aug 2021 23:35
UKOG seem more interested in Turkey. And that seems to have gone cold. If the 'move into Turkey is crucial to the success and prosperity of UKOG' a disastrous drill and not winning the extra licences might have been a fatal blow if the company did not have a side income from selling sharecoins.
From the Interims:
A year ago, we signed an agreement with Aladdin Middle East Ltd ("AME"), to take a 50% non-operated working interest in the Resan licence in Turkey, containing the Basur-Resan oil discovery. We also added an application for four further exploration blocks containing similar potential to Resan. This move into Turkey is crucial to the success and prosperity of UKOG. As I have stated several times before, our traditional petroleum assets in the Weald Basin remain an important part of our portfolio - but they will not be our sole focus as we plan expansion within Turkey and other new areas.