16.01.2024

Well drilling

In January 2024, the Company started drilling two wells, namely: Hrabynska No. 8 exploratory well at the Hrabynska field was drilled for GEO-NADRA-INVEST LLC, and Tynivska No. 107 exploratory well at the Tynivska field was drilled for HORYZONTY LLC. Horyzonty LLC bought a special license for the use of subsurface reserves of the Tynivske deposit in 2022. 3D seismic surveys were completed within the Tynivska field, covering a total area of 100 km2, and an exploratory drilling project was developed. The results of drilling and testing of the first exploratory well are expected in February 2024.