JKX Secures Additional Hungarian Production Licenses

JKX Oil & Gas plc has been granted a further three 35-year production licenses covering an additional area of approximately 47 square miles within its original Hernad I & II exploration licenses.

The award of the new Emod V, Pely I and Jaszkiser II licences takes JKX’s production license tally to a total of six within the Hernad exploration areas. The company’s other interests are situated in Ukraine, Russia and Slovakia.

Commenting on the awards, JKX Chief Executive Paul Davies said in a company statement:

"The award of these three additional production licenses completes the process undertaken when JKX took full control of the Hernad licenses. The awards clarify the position for potential farm-ins and we are looking forward to the completion of the farm-out process and renewed activity on our Hungarian licenses during 2016."



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
 -  Serinus Shuts-In Sabria Field Due to S... (May 23)
 -  Proserv Secures Series of Services Dea... (May 23)
 -  BP Urges Engineers to Apply for Trinid... (May 23)
 -  CGG to Support Oman Industry Workers t... (May 23)
 -  Wood Group Engineers to Carry Out Sakh... (May 22)


Most Popular Articles

From the Career Center
Jobs that may interest you
Construction Contracts Analyst
Expertise: Contracts Administration|Legal
Location: Alpharetta, GA
 
Senior Construction Contracts Manager
Expertise: Construction Manager|Legal
Location: Alpharetta, GA
 
Sourcing Commodity Leader - Aerospace
Expertise: Project Management|Supply Chain Management
Location: Irvine, CA
 
search for more jobs

Brent Crude Oil : $53.87/BBL 0.48%
Light Crude Oil : $50.73/BBL 0.79%
Natural Gas : $3.33/MMBtu 2.14%
Updated in last 24 hours