JKX Oil & Gas plc reports successful test results from well E-303 in its Elizavetovskoye field. Following additional perforations in the shallower A2 carbonate reservoir and acid treatment, co-mingled production with the G7-12 sandstone reservoirs was 5.21 MMcfd of gas and 18 bpd of condensate through a 48/64-inch choke with a flowing wellhead pressure of 505 psi.

JKX Chief Executive, Dr Paul Davies, commented: "We are pleased that we have been able to co-mingle production from the sandstone and carbonate reservoirs to create an overall cash generative well result."

Well E-303 was drilled to a total depth of 4,406 metres and initially completed in the G7-12 sandstone reservoirs only. Production from the deeper reservoirs, whilst steady, is not economic in the prevailing economic conditions in Ukraine.

Tags: JKX Oil & Gas plc