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JKX Oil and Gas acquires stakes in Hungarian field

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 Görbeháza field, part of the Nyírség block (E Hungary), from Ascent Resources and DualEx Nyírség.

JKX said it planned to start testing operations at another well in Hungary, near Hernád, by the middle of September. JKX Hungary holds 50% of the Hernád licence through a joint venture operated by Hungarian Horizon Energy. (MTI-Econews)