Crude Oil (WTI)

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Apr. 27	Russia says it struck Ukrainian energy plants in response to Kyiv targeting its own energy sector	RE
Apr. 27	Russia's idle primary oil refining capacity up 13.6% in April from March, Reuters calculations show	RE

UK Oil & Gas jumps as recommences operations at Pinarova-1

January 03, 2024 at 08:34 am EST

(Alliance News) - UK Oil & Gas PLC on Wednesday said that it has re-commenced operations at Pinarova-1, with site access and well pad strengthening and repair.

UK Oil & Gas is a London-based exploration and production company focused on UK and Turkey. Its shares were up 7.0% to 0.029 pence each in London on Wednesday afternoon.

It added that this will be followed by the arrival of the service provider PSI's wireline equipment and the operator AME's swab testing unit.

In December, UKOG said its service provider PSI has secured all of the required explosive permits to deploy its 7-inch perforating guns at Pinarova in Turkey. It noted that the guns will be deployed over the Germik/Hoya section, where it says it detected and recorded strong oil odours over a 12-hour period, and recovered mobile light oil from the mud pit.

The firm holds a 50% non-operated interest in the Pinarova-1 project.

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
HOYA CORPORATION	18,340 JPY	+0.19%	+5.89%	40.84B
BRENT CRUDE OIL SPOT	88.07 USD	+0.10%	+1.75%	-
WTI	83.53 USD	0.00%	+1.68%	-
US DOLLAR / TURKISH LIRA	32.4 TRY	0.00%	-0.67%	-
UK OIL & GAS	0.0325 GBX	0.00%	-13.33%	1.33M

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