UK Oil & Gas (UKOG) has announced that further to its Pinarova-1 release of 1st March 2023, the Company is now in possession of Turkey's General Directorate of Mining & Petroleum Affairs' ('GDMPA') formal written consent covering the Pinarova-1 exploration well's geological and technical objectives and design. As is customary, GDMPA request that they must receive a notice of intended 'spud' date five days before actual drilling commencement, still currently expected to be around the end of March or early April 2023. UKOG holds a 50% non-operated interest in Pinarova-1 and the surrounding 305 km² Resan licence, which also includes the Basur-1 light oil discovery.
Source: UKOG
