Serinus Announces Multiple Gas Zones in Ukraine

Canada-based Serinus Energy announced it found multiple gas zones, with drilling activities expected to commence by the end of June.  

‘Logging is now complete and has identified net pay in four zones of Bashkirian or Serpukhovian age, three of which have been established as productive within the company’s Ukrainian Licences,’ reads a note released by the company on Tuesday.

According to Serinus Energy, the KUB-operated Olgovskoye-11 development well has been drilled to its total depth of 3,230 meters, with the rig to be soon moved to the North Makeevskoye-4 location ‘to test a seismically-identified stratigraphic play.’

Serinus has a 70% effective interest in KUB-Gas. 

According to a previous note released by Serinus, the area requires fracture stimulations as already done in other wells completed in those formations. 

‘Olgovskoye is Serinus’ second largest producing field at 12.4 MMcf/d (8.7 MMcf/d net to SEN 70% WI) from 10 wells. Most of the production is from Bashkirian aged sandstones, and with the success in the Serpukhovian in both O-15 and O‑11, the Company’s future exploration and development efforts will include that deeper section as well.’