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Kulczyk Oil Ventures provides Ukraine operations update


Published Sep 4, 2012
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Kulczyk Oil Ventures Inc. report that the Makeevskoye-20 (M-20) well has tested gas at a rate of 5.3 million cubic feet per day (MMcf/d).

The Company also provides an update on testing of the North Makeevskoye-1 (NM-1) well and activity on the North Makeevskoye License, on the drilling of the Makeevskoye-16 (M-16) well and current production from its properties in Ukraine.

M-20, NM-1 and M-16, and the producing wells, are operated by KUB-Gas LLC (KUB-Gas), a partially-owned subsidiary in which KOV has a 70% effective ownership interest.

Tags: Kulczyk Oil Ventures



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