Fuchs's companies will carry out exploration of oil and gas areas in Poltava region

Group of companies Trans-Set Geo LLC, Nadra West Group LLC, Geo-Vertical LLC, Geo-Connect LLC Best-Geo Tech LLC which belong to the assets of Pavlo Fuchs plan planning a geological exploration of oil and gas deposits, including prospecting and exploration of hydrocarbon deposits, research and development, geological and economic assessment and approval of the reserves of In the Ukrainian SCR for the areas in the Poltava region.

This is stated in the reports of the companies included in the Environmental Impact Assessment Register (EIA) of the Ministry of Environment of Natural Resources of Ukraine, published May 2, 2019.

COMPANY

LICENSE AREA

WELL DESIGN DEPTH, M

Trans Set Geo LLC

Vilshanska area

5500

Nadra West Group LLC

Davidivsko-Lelyukhivska area

4500

Geo Vertical LLC

Davidivsko-Lelyukhivska area

5000

Geo Connect LLC

Novo-Dykanska area

6000

Best Geo Tech LLC

Hulakivska Square

5500

To develop the areas listed in the table, drilling of the wells with the design depths of 4500-6000 m is expected.

EXPRO Reference:

According to the media, the above-mentioned companies are related to the business Pavlo Fuchs, each of them owning a licensed area. Also, exploration drilling is a main activity for each of them.

09:10 / 9 May, 2019

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