JKX Spuds Well on Ignatovskoye Field

JKX Oil & Gas has spudded Well I124 in the Ignatovskoye Field, onshore Ukraine. Well I124 will be a vertical well and target oil in a small reefal feature on the southern flank of the main Visean Carbonate structure.

Well I124 will be drilled to a maximum depth of 2,370m, using the Kremco 900 rig mobilised from Germany in December 2005. Drilling is scheduled to be completed in 30 days. Since the beginning of the year, the Kremco rig has worked over Well I105, and has successfully installed a rod pump in Well M31 on the Molchanovskoye Field.

JKX Oil & Gas plc is an oil and gas exploration and production company listed on the London Stock Exchange. The company has license interests in Ukraine, Georgia, Italy, Bulgaria, Turkey and the United States.