Testing of well E-303 on the Elizavetovskoye Field in Ukraine indicates a gross pay of 167 m (548 ft) spread over eight reservoir horizons, JKX Oil & Gas said in a news release.

Reservoir properties are analogous to those in the producing wells in the adjacent Machevska Field, one of the largest fields in Ukraine, which has a history of significant, sustained production from the deep sandstone reservoirs, the release said.

“Bringing the deep sandstone reservoirs of the Elizavetovskoye Field on-stream is technically challenging and will require extended completion and testing,” JKX Chief Executive Paul Davies said in the release. “We are optimistic that the sandstone reservoirs will produce at commercial rates in line with the nearby wells.”