7th Mar 2019 12:28
LONDON (Alliance News) - JKX Oil & Gas PLC said on Thursday it has completed the drilling of the well 5 sidetrack in Russia to a total depth of 5,204 metres.
Gas shows during drilling and results of the log analysis indicated a net pay thickness of 21 metres, in line with expectations.
However, the drill pipe parted during a scraping run, which left 1,119 metres of "fish", also known as junk, in a well.
To date, only 147 metres of the fish has been recovered, leading to the workover being suspended following the suspension of the drill pipe.
Shares in JKX Oil & Gas were down 0.4% at 56.80 pence on Thursday.
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