JKX says R-103 fracked well performs at lower end of expectations

Обзоры по компаниям и отраслям 21.10.2013 JKX Oil & Gas (JKX LN) reported on October 21 it reached the end of its flowback period following its multi-stage frack in its R-103 well in Ukraine that started in June 2013. The hydrocarbons flow rate is settling at 3 MMcfd of natural gas and 45 bpd of condensate (total 525 boepd, we estimate), according to the company. The company’s CEO commented the flow rate is at the lower end of expectations. JKX will continue to monitor the well closely to confirm its plateau gas flow rate, the company said. Alexander Paraschiy: The news looks slightly disappointing, taking into account that JKX got investors accustomed to good news after it reported three successful well projects in a row since May 2013.