20th Dec 2006 10:08
JKX Oil & Gas PLC20 December 2006 JKX OIL & GAS plc ("JKX") ANNOUNCES UKRAINIAN DRILLING UPDATE JKX Oil & Gas plc ("JKX") announces that it has completed and tested Well I126as part of its ongoing drilling programme at Poltava, Ukraine. The well has beentied back to the Company's production facility via a new 3 km flowline. During testing, Well I126 flowed at a stabilised rate of 1,850 barrels of oiland 3.25 million cubic feet of gas per day with a wellhead flowing pressure of1,400 psi through a 32/64 inch choke. Well I126 is a vertical development welllocated on the southern flank of the Ignatovskoye Field and tested a reefalfeature in the Visean Carbonate adjacent to a similar feature successfully beingproduced by Well I124. Both wells are located some distance from the maincarbonate build-up which forms the primary gas reservoir in the field. The wellis producing from primary and secondary porosity zones within the 77m of ViseanCarbonate penetrated. JKX Oil & Gas plc is an exploration and production company listed on the LondonStock Exchange. The Company has license interests in Ukraine, Georgia, Russia,Italy, Bulgaria, Turkey and the United States. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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