JKX Oil & Gas report the award of contracts between its wholly owned subsidiary, Poltava Petroleum Company (PPC), and Schlumberger to perform fracture stimulation (frac) operations on well-R103 in the Rudenkovskoye licence, Poltava, Ukraine.

Well R103 was drilled in 2010 to a total measured depth of 4,589m including a sub-horizontal component of 1,000m in a low permeability gas bearing Devonian sandstone unit. Detailed geological and engineering studies have concluded that the well will benefit from a multi-stage fracture treatment.

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