JKX Reports Ukraine Fracking Setback

East Europe-focused gas and oil producer JKX has reported a disappointing start to its much-heralded fracking of the Rudenkivske tight gas field in the Poltava region of onshore Ukraine. Following its initial hydraulic fracturing (fracking) campaign this summer with the help of US services giant Schlumberger, London-listed JKX said October 13 that “the presence of large volumes of formation water in post fracture production was not predicted.


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