Hernad
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 2,903sq.km and the Hernad II licence covers 2,507sq.km. The Hajdunanas Field was discovered in May 2008.
JKX farmed-in for a 33.3% interest in 120sq.km of the adjacent Nyírseg licence in late 2008 and subsequently increased its holding to 50%, as did HHE, by buying out the minority partners. Following the expiration of the exploration licence in 2009 the Gorbehaza Mining Plot (3.3sq.km) was established in 2010.
The Gorbehaza discovery well Gh-1 has been tied in the Hadjunanas facility.
Hernard Field (all measurements are in Kilometres.)
