JKX Awarded Extension to Zaplavskoye License

Eastern Europe-focused junior producer JKX Oil & Gas announced Wednesday that it has been awarded a further five-year term on its Zaplavskoye exploration license by the Ukrainian authorities.

The Zaplavskoye license surrounds four of JKX's adjoining production licenses in Poltava on their western, southern and eastern sides. An area to the south of the license has been relinquished, whilst an area to the west of the license has been added. The license area now totals 65 square miles and is valid until December 31, 2019.

JKX Chief Executive Dr Paul Davies commented in a company statement:

"The addition of the area on the west of the Zaplavskoye license was stimulated by the encouraging results from our recent 3D seismic survey over the license area. Scheduling of further exploration drilling is dependent on the lifting of emergency production tax increases and exchange controls."

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Shell to Sell Gabon Onshore Assets for... (Mar 24)
 -  Industry Pros Gather for Offshore Achi... (Mar 24)
 -  Statoil Makes North Sea Oil, Gas Disco... (Mar 24)
 -  Report: Hiring Managers See Salaries S... (Mar 23)
 -  Repsol Chooses Atlas for Onshore, Offs... (Mar 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Executive Protection Coordinator
Expertise: Risk Management|Security
Location: TX
 
United States Denver: Proposals Specialist
Expertise: Business Development|Marketing|Sales
Location: Denver, CO
 
Landman - Midstream Surface Land
Expertise: Landman
Location: The Woodlands, TX
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours