The UK’s JKX Oil and Gas has agreed to acquire minority stakes in a field in Hungary, the company said in an exploration update on Thursday.
JKX will acquire minority shareholdings in HN Ventures, which indirectly owns the Gorbehaza field, part of the Nyirseg block (E Hungary), from Ascent Resources and DualEx Nyirseg.
JKX said it planned to start testing operations at another well in Hungary, near Hernad, by the middle of September. JKX Hungary holds 50pc of the Hernad licence through a joint venture operated by Hungarian Horizon Energy.
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