Kulczyk Oil Ventures Inc. (“Kulczyk Oil”, “KOV” or the “Company”), an international upstream oil and gas company, is pleased to report that the Makeevskoye-21 (“M-21”) well in Ukraine has commenced drilling.  The well is operated by KUB-Gas LLC (“KUB-Gas”), a partially-owned subsidiary in which KOV has a 70% effective ownership interest.Makeevskoye-21 The M-21 well has a projected...

The second half of 2011 proved to be both demanding and successful for Kulczyk Oil Ventures, with the Company gathering momentum as the year progressed. In Ukraine, gas and condensate sales increased 300% compared with the same period in 2010, with gas production, net to KOV, averaging more than 7 MMcf/d with the M-19 and O-9 wells tied in. ...

20.03.2012 – Annual Report for 2011