Uk Oil & Gas Plc · LSE:UKOG
Uk Oil & Gas — Corporate Update (March 2021)
9 slides from Uk Oil & Gas's corporate update, March 2021
Slide 1: Breaking new ground in SE Turkey
Breaking new ground in SE Turkey Basur-3 site construction underway March 2021
Slide 2: Basur-3 site construction underway - the road to success?
Basur-3 site construction underway - the road to success? 2
Slide 3: Basur-3: breaking new ground for the well pad
Basur-3: breaking new ground for the well pad
Slide 4: Basur-Resan oil discovery: New Basur-3 pad location
Basur-Resan oil discovery: New Basur-3 pad location N • Basur-Resan is a significant anticline East Sadak Oil Field with surface expression confirmed by Geological ook-alike seismic. Proven by legacy wells to cover to Basur-Resan c. 45 km² • Gross mean recoverable 37.2 mmbbl • Gross high case recov.
Slide 5: Basur-3 site location – will test crest/culmination of Mardin oil pool
Basur-3 site location – will test crest/culmination of Mardin oil pool Highway to Batman refinery • Basur-3 is the first modern appraisal well designed to confirm the extent and Konakli 1 dry hole, drilled outside commerciality of the Basur- Basur 3 Pad oil pool’s northern flank Resan Mardin oil poo
Slide 6: Basur-Resan: A material prize
Basur-Resan: A material prize • Xodus’ Basur-Resan discovered gross mean recoverable volumes exceed all Weald’s historic production + reserves • Oil in ground demonstrated by Basur & Resan wells - need to establish commercial rates and recoveries Gross mean case: Gross high case: • 1.2 times larger
Slide 7: Basur-Resan oil discovery: A potentially transformational project
Basur-Resan oil discovery: A potentially transformational project “It is now evident that, in the success case, the Basur-Resan appraisal project has the potential to surpass the recoverable oil and gas volumes currently assigned by Xodus to our material UK Arreton and Loxley appraisal projects. It
Slide 8: Basur-3: Access road construction
Basur-3: Access road construction 1 8
Slide 9: Basur-3: Access road construction
Basur-3: Access road construction 2 9