We specialise in creating new geological ideas, concepts and methodologies to find and produce oil & gas from previously unexplored or overlooked rock formations within established petroleum producing provinces.
Our current operational focus is on the UK and Turkey onshore sectors, where we aim to build a sustainable oil & gas production base that can act as a springboard to further worldwide opportunities. UKOG has operated safely and environmentally responsibly in the UK since 2013.
Our current UK onshore portfolio consists of direct and indirect interests in six oil & gas exploration, appraisal, development and production assets, all situated within the Weald and Purbeck-Wight Basins of southern England. We are the largest acreage holder in the south of England, with assets covering 689 gross km². We hold majority interests in four UK onshore oil & gas discoveries, the most notable being at Horse Hill and Loxley in Surrey.
Our expanding portfolio in Turkey consists of a 50% non-operated working interest in the 305 km² Resan licence in south east Turkey, containing the potentially significant undeveloped Basur-Resan oil discovery plus further exploration prospects. This project is assessed to contain significantly greater discovered oil volumes than any of our UK projects and, if successful, offers potentially transformational growth for the Company. A joint application with our Turkish partner for four further blocks offsetting the Resan licence, all of which contain undrilled geological lookalikes to the Basur-Resan discovery, has also been submitted to the Turkish regulatory authorities.
In order to move our business forwards, we maintain a high level of operational activity, conducting near continuous drilling and flow testing operations since May 2017. Our portfolio, notably Basur-Resan in Turkey and Loxley in the UK, has the potential to generate significant returns for the Company and its shareholders.
As a diversification, we are increasingly active in the newly emerging geothermal energy field, where we possess the key subsurface and engineering skills necessary to make such projects work. We are currently investigating the viability of hybrid energy sites envisaged to derive power from both petroleum and geothermal. We are a founder member of the newly formed Geothermal Energy Advancement Association.
We are actively investigating hybrid geothermal projects at two of our UK sites and will review geothermal opportunities onshore Turkey.
Listen to UKOG's virtual Annual General Meeting. Click here
7/06/21 Listen to UKOG's virtual General Meeting. Click here
Welcome to UKOG: Energy for Britain
23/03/21: Breaking new ground as Basur-3 site construction begins. Click here
20/01/21: UPDATED Turkey/Basur-Resan presentation. Click here
15/01/21: Why UKOG’s Basur-Resan licence is an “irresistible opportunity”. Click here
10/12/20: UKOG’s application for three new Turkish licences. Click here
23/07/20: Turkey Agreement with Aladdin Middle East Ltd. Click here
23/07/20: London Stock Exchange announcement. Click here
TV & RADIO
16/04/21: Steve Sanderson discusses UKOG’s new strategy on Core TV. Click here
20/01/21: Why Basur-Resan makes sense for UKOG’s future growth. Click here
23/07/20: Stephen Sanderson discusses Turkey project on Core TV. Click here
23/07/20: "Transformational" Turkey deal on Sharetalk. Click here
07/08/19: Stephen Sanderson on buying 35% more of Horse Hill. Click here