JKX Commences Drilling at Shkorpilovtci Well in Bulgaria

JKX announced that the Shkorpilovtci South West R-01 exploration well in east Bulgaria spudded successfully on October 17, 2010. The well is targeting an amplitude supported channel sand complex of late Eocene age. Results from the well, which will drill to a proposed total depth of 900m, are expected in early November. Prospective resources for this feature are estimated at 20-30 Bcf (gross).

JKX (40%) operates the Golitza B1 license with co-venturers Balkan Explorers (30%) and Sorgenia (30%).


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