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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Energy One Corporation (CE) | USOTC:EGOC | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 00:00:00 |
LONDON--JKX Oil & Gas PLC (JKX.LN), an Eastern Europe-focused explorer and producer, announced Tuesday that its wholly-owned subsidiary, Poltava Petroleum Company awarded a contract to oilfield services company Schlumberger to perform fracture stimulation operations on well-R103 in the Rudenkovskoye licence, Poltava, Ukraine.
MAIN FACTS:
-Well was drilled in 2010 to 4,589 million including a sub-horizontal component of 1,000 million in a low permeability gas bearing Devonian sandstone unit; detailed geological and engineering studies concluded that the well will benefit from a multi-stage fracture treatment.
-Pre-frac preparations on the well are well advanced
-Injectivity test scheduled to be completed in 3Q.
-Bulk of the frac operation to be performed in 1Q13
-JKX Oil and Gas shares at 0714 GMT flat at 92 pence valuing the company at GBP157 million.
-Write to Ed Ballard at ed.ballard@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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