Kulczyk Oil Ventures Inc. (“Kulczyk Oil”, “KOV” or the “Company”), an international upstream oil and gas company, is pleased to report that the Ukrainian Ministry of Fuel and Energy has formally acknowledged the conversion of the Olgovskoye License from a five-year exploration license to a 20-year production license. ...

Kulczyk Oil Ventures Inc. (“Kulczyk Oil”, “KOV” or the “Company”), an international upstream oil and gas company, is pleased to report that the Olgovskoye-6 (“O-6”) well in Ukraine has commenced commercial production at a rate of more than 1.5 million cubic feet per day (“MMcf/d”) increasing total field production to more than 18.5 MMcf/d (13 MMcf/d net to KOV).  The well is...

20.03.2012 – Annual Report for 2011