JKX holds a 25% interest in the Svidnik, Medzilaborce and Snina exploration licences, covering a total area of 2,442sq.km in the Carpathian Fold Belt in north east Slovakia.
Acquisition of 800 km of 2D seismic data in 2008 through 2011 provided basic regional information in the two eastern licences, as well as infill data in the western Svidnik licence.
The Cierne-1 exploration well location in the westernmost Svidnik licence has been selected. The well will be drilled to more than 3,500m with a number of additional targets identified in this sub-thrust play. Spud date is expected in 2014.