Some positives from the RNS25 Mar 2022 08:27
I confidently predict a busy 2022 on all fronts, both home and abroad. There will rarely be a dull moment and, as we approach the drilling of our first production well in Turkey, let's hope for an enjoyable and profitable ride.
With the first phase of seismic acquisition now complete, we look forward to the drilling of a Basur-3 sidetrack ("B-3S") once processed seismic results have been received. B-3S is located within the north-westernstructural culmination of the 60 km² Basur-Resan anticlinal structure, with a surface location approximately 1.
Well intervention operations were completed efficiently towards the beginning of the year. Despite the resulting October and November downtime, total Portland oil production during the first quarter was 7,045 bbl. Average production uptime was 57% over that period and ranged from 37% during October's main HH-1 intervention period, to 85% in November, post-intervention.