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UK Oil & Gas PLC - London-based oil and gas exploration and production company - Says construction of TPinarova-1’s drilling pad and access road commenced on schedule over the weekend in Turkey. Site construction is expected to take around 14 to 21 days. Given no adverse weather-related construction delays, drilling to a total depth of around 500-550 metres below surface is expected to commence towards the end of March to early April 2023 directly after site completion. It holds a 50% interest in Pinarova-1, as well as the surrounding 305 square kilometre Resan licence in Turkey. Current stock price: 0.066 pence, up 3.1% in London on Monday afternoon 12-month change: down 49% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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