JKX farmed-in to three exploration licences - Svidnik, Medzilaborce and Snina licences, in the Carpathian Fold Belt in Slovakia in August 2008. The licences were awarded in August 2006 and cover a total area of 2,278sq.km.

JKX acquired a 25% interest in the licences from Aurelian Oil & Gas plc by funding the first $1.6m of the 238km, 2D seismic programme.

The Carpathian Fold Belt has been an active area for oil and gas exploration and production for many years. Advances in seismic imaging technology have resulted in recent discoveries in analogous structural settings in Poland. JKX believes that similar exploration efforts in Slovakia, where there are numerous oil seeps and gas shows, could prove up an economic petroleum system in an area with potential for dip-closed thrust traps of significant size.