Ukraine: Kulczyk gets Dneiper-Donets blocks
By OGJ editors
HOUSTON, Jan. 14 – Ukraine awarded the 70% owned subsidiary of Kulczyk Oil Ventures Inc., Calgary, the 47,073-acre North Makeevskoye exploration license in the Dnieper-Donets basin.
The license, near the company’s Makeevskoye and Olgovskoye licenses, is prospective for gas from multiple zones in the Muscovian and Bashkirian sedimentary section. The award increases KUB-Gas’s holdings to five licenses totaling 89,736 acres.
The 5-year license is 4 km east of the KUB-Gas M-19 gas discovery production tested in December 2010 at 5 MMscfd on a 10-mm choke. Gastek LLC is KOV’s 30% partner in KUB-Gas. The companies will shoot 2D seismic on North Makeevskoye in mid-2011.