UK Oil & Gas (LSE:UKOG)
UK Oil & Gas owns a direct or indirect interest in six exploration and production assets, all situated in southern England. In total, its asset portfolio covers 689km². Its most-prized assets are located in Horse Hill and Loxley, both in Surrey. Outside of the UK, UKOG also has significant interests in Turkey. The produced and proven oil reserves here are estimated to be 18 times greater than in the UK. Its expanding portfolio consists of a 50% non-operated working interest in the 305km² Resan licence in the south-east of the country at the site of the significant undeveloped Basur-Resan oil discovery. As a diversification, the company is also actively engaged in geothermal energy, both here in the UK and in Turkey.