Project Profile
Location: Pannonian Basin, Hungary
Reserves (remaining from 2012): 0.3 MMbbl of oil, 4.8 Bcf of gas and in total 1.1 MMboe (Prov+Prob)
Area: Hernad I licence - 2,903sq km and Hernad II licence - 2,507sq.km
JKX holds 50% equity in the northern Pannonian Basin Hernád licences in a joint venture with the operator, Hungarian Horizon Energy (HHE). The Hernad I licence covers 2,903 sq km and the Hernad II licence covers 2,507sq.km. The Hajdunanas Field was discovered in May 2008. Hadjunanas and Gorbehaza fields are the two main fields in the license. The Hajdunanas Field was discovered in May 2008 with successful gas tests from three levels in well Hn-1. The discovery was confirmed by a second well Hn-2 which encountered a thicker sequence of Pannonian sands. The reservoirs include two Pannonian sand intervals and a Miocene fractured volcanoclastic sequence. The Gorbehaza discovery well Gh-1 has been tied in the Hadjunanas facility. Gas quality is excellent and requires minimal processing before export. Remaining reserves are 0.3 MMbbl of oil, 4.8 Bcf of gas and in total 1.1 MMboe (Prov+Prob)
Operators:
Hungarian Horizon Energy (‘HHE’) (Aspect Energy subsidiary): Operator with 50% interest
JKX Oil & Gas: 50% interest