JKX Reports Good Flow Rate in Ukraine

UK exploration company JKX says it has successfully completed a second sidetrack of well M-166X in the Devonian sandstone reservoir in the Molchanovskoye North field of Ukraine. 

In a statement for investors, the company announced that the initial 12-hour flow rate stabilised at an average of 1,710 bopd with 2.13 MMcfd gas through a 1 1/8" choke, with a flowing well head pressure of 600 psi. After further testing, a lower choke size will be chosen to optimise flow conditions and manage the reservoir.

M-166X is the first well in JKX's 2013 Ukrainian drilling campaign following a seven month drilling break. The Skytop N-75 rig has now spudded Ignatovskoye well IG-132, targeting the shallower Tournaisian Carbonate reservoir in the Molchanovskoye field.

JKX chief executive Dr. Paul Davies said: "Test production from the second sidetrack of well M-166 is above our original prediction and is an excellent start to our 2013 Ukrainian drilling programme."

See also: JKX Announces Ukraine Well Results