Ukrnafta launches new oil & gas well

Ukrnafta (UNAF: BUY) announced yesterday it launched a new oil well at the Milkovske deposit (Chernihiv region). The well’s flow is 170-250 mt of oil per day (if an oil gusher is used) and 140-250 mt of gas. According to the company’s press release, the well’s horizontal length (713.74 m) and production capacities are the biggest in Ukraine.