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JKX Oil & Gas completes 10-stage fracking campaign in Ukraine
LONDON, Aug. 28 () -- Only one of the 10 hydraulic fracturing operations carried out in Ukraine was unsuccessful, British exploration company JKX Oil & Gas said Wednesday.JKX said Wednesday it was "pleased to report" it finished its 10-stage hydraulic fracturing campaign in Ukraine."Conditions have been difficult but overall the execution has been better than anticipated," Chief Executive Officer Paul Davies said in a statement. "Seven of the frac stages have achieved or exceeded design predictions,[url=http://www.isabelmarantsneakersbootss.com/]isabel marant sneakers sale[/url], two were below expectations and only one was unsuccessful."JKX started its multistage hydraulic fracturing operation at its Rudenkovskoye license area in eastern Ukraine in early July. The company,[url=http://www.isabelmarantsneakersbootss.com/]isabel marant online[/url], which has headquarters in London,[url=http://www.isabelmarantsneakersbootss.com/]isabel marant boots[/url], said second quarter production of 11,100 barrels of oil equivalent per day was split between Ukraine and Russia,[url=http://www.isabelmarantsneakersbootss.com/]isabel marant sneakers[/url], with the latter accounting for the bulk of the gains. JXK said a "small contribution" came from operations in Hungary.The Ukrainian government said there may be enough natural gas in shale reserve areas to meet the country's needs without imports.