Eastern-European focused exploration firm JKX has completed its 10-stage fracking project in the Ukraine.
The final three stages of the project were completed, with flow-back work now underway on the R-103 site.
“Conditions have been difficult but overall the execution has been better than anticipated,” said chief executive Paul Davies.
“Seven of the frac stages have achieved or exceeded design predictions, two were below expectations and only one was unsuccessful.
“The next few weeks of clean-up and flow stabilisation will be critical and we are encouraged that the well is already flowing gas to surface together with frac fluids.”
The company said it expected to have a clearer picture of the well’s performance by the end of October.
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