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JKX joins Turkey shoot


Published Jan 10, 2008
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UK-based Eastern Europe player JKX Oil & Gas has taken up a stake in two exploration licences in the Bismil South area of southeast Turkey, an area facing the northern Iraqi border.

The company will spend $2.5 million through the first half of 2008 to cover the costs of a survey and the drilling well Koyunlu 2, an appraisal to the 2006 Cretaceous discovery Well Koyunlu 1.

JKX managers have bought their 20-percent interest in the 600-square-kilometre license area from privately owned Turkish E&P outfit Arar Petrol Ve Gaz Aup.

The Bismil South licences lie just south of the giant Bati Raman oilfield, and JKX owns 30 percent of the abutting Karakilise permits run by Aladdin Middle East Inc.

ws@scandoil.com

Tags: JKX Oil & Gas plc




   

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