26 October 2011
KUB-Gas LLC, a Ukrainian subsidiary of Kulczyk Oil (WSE: KOV PW, N/R), plans to initiate hydraulic fracturing technology at its O-6 and O-8 wells on the Olgovskoye field in late October, the company announced yesterday. The company expects to increase production from currently producing zones and enable KUB-Gas to obtain production from zones that will not produce conventionally.