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EGOC Energy One Corporation (CE)

0.000001
0.00 (0.00%)
13 Feb 2025 - Closed
Delayed by 15 minutes
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

JKX Oil & Gas Awards Fracture Stimulation Contract To Schlumberger

07/08/2012 8:46am

Dow Jones News


Energy One (CE) (USOTC:EGOC)
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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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