UK Oil & Gas PLC announced that following completion of the Basur-3 appraisal well's drilling pad and finalisation of the rig contract, the Oceanmec Karahan ZJ40DZ rig has now been mobilised to the site from western Turkey. As of 2359 hrs on 19th June, 38 related loads had been received at site. The rig-up and rig-acceptance stage is expected to continue throughout the coming week with an expected drilling start shortly afterwards. Basur-3 will be the first modern well designed to properly appraise and assess the extent and commercial viability of the discovered Basur-Resan oil pool. The well will test the north-western structural culmination of the 60 km² Basur-Resan geological structure, approximately 1.2 km north and geologically updip from the 1964 Basur-1 oil discovery well. As detailed in the Company's 14 October 2020 and 15 January 2021 releases, Basur-1 produced 500 barrels of oil from a short 6-hour test. Further wells drilled in the 1950s to the southwest within the Resan area of the structure reported good oil shows at comparable depths to those at Basur, with one well recovering live oil to surface.