JKX Spuds Well in Eastern Bulgaria

JKX Oil & Gas plc has announced the spudding of the Shkorpilovtci South West R-01 exploration well in eastern Bulgaria.

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 licence with co-venturers Balkan Explorers (Bulgaria) Limited (a 100% subsidiary of Aurelian Oil and Gas PLC as to 30% and Sorgenia E&P Bulgaria EOOD ( 30%).

Source: JKX Oil & Gas