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UKOG" or the "Company")
Turkey: Pinarova-1 Operations Re-Commence
UK Oil & Gas plc (London AIM: UKOG) is pleased to announce that operations at Pinarova-1 have commenced with site access and well pad strengthening and repair. This will be followed by the arrival of the service provider PSI's wireline equipment and the operator AME's swab testing unit.
As previously advised, the required explosive permits have been received for the deployment of the new larger 7" perforating guns over the Germik/Hoya section, where strong oil odours at surface were recorded over a 12-hour period during drilling and mobile light oil was recovered from the mud pit . Geochemical analysis found the mud pit oil to be near identical to that found in the seismic shot hole oil seep, located around 1.5 km to the west.
Further operational updates will be made in due course. UKOG holds a 50% non-operated interest in Pinarova-1 and the surrounding 305 km² Resan licence, which also includes the as yet undeveloped Basur-1 light oil discovery.
Qualified Person's Statement
Matt Cartwright, UKOG's Commercial Director, who has 40 years of relevant experience in the global petroleum industry, has approved the information contained in this announcement. Mr Cartwright is a Chartered Engineer and member of the Society of Petroleum Engineers.
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TURKEY LATEST: Operations have commenced at Pinarova-1 with site access strengthening and repair. This will be followed by arrival of wireline rig and swab testing equipment. Further updates to come.